Application Risk & Availability
A European Tier 1 bank approached Citihub following an infrastructure failure that had caused a high profile outage of its single dealer FX portal. In addition to identifying and rectifying issues that triggered the outage, the bank sought to conduct a detailed review of all applications and underlying infrastructure supporting both its global FX and Rates trading business.
Knowledge Worker Automation
A European Tier 1 bank approached Citihub Consulting to help streamline its global IT support operations as part of a broader cost-efficiency drive. The bank had set itself a target of reducing annual spend on IT support by 10 percent on a recurring basis. To achieve that target, it sought to identify ways that certain tasks could be automated so as to minimise the need for manual intervention.
IT Controls and Risk Assessments
After a major loss-event, a European headquartered global bank approached Citihub to help improve their level of IT control and risk management by implementing a bank-wide certification process covering the whole IT estate. The bank was at the time under intense regulatory scrutiny, not least from a high profile rogue trader incident. Because of this, the initiative had aggressive implementation timelines, a very high profile and was politically charged.
Investment bank restructuring
A leading Tier-1 bank had initiated a business transformation program to reduce the capital requirement needed to support its global investment banking operation. As part of the transformation, the trading mandate was changed leading to delineation between core and non-core activities. Citihub was engaged to help understand the inter-dependencies across the IT stack and to specifically help set the IT strategy for non-core activities.
A Global Tier 1 bank approached Citihub Consulting to review its exchange connectivity infrastructure, which supported both US and European trading operations. In the US, the review was taking place in tandem with a large- scale data centre migration project. The bank was moving many of its core systems to a purpose-built facility in New Jersey, which was optimally located between the NYSE and Nasdaq co-location facilities.
Private Cloud Strategy & Design
A US-headquartered Tier 1 bank approached Citihub to establish a reference architecture and plan for the implementation of a global private cloud technology platform for use across all its investment banking operations. The bank was initially looking to leverage existing surplus compute resources – in particular, failover facilities that lay largely idle – to meet growing demand for IT capacity in the most cost-effective way possible.
Fixed Income Trading
A US-headquartered Tier 1 bank approached Citihub to help with a project to replace its global fixed income trading system. The core driver for the project was to reduce operational expenditure by replacing a vendor-provided solution with a bank-owned bespoke platform. The ultimate goal was to displace the third-party solution and save a significant portion of the million per year that the bank was paying in vendor fees.
Record Keeping and Compliance
A mid-sized regional bank approached Citihub Consulting to advise on improving its record keeping systems for trade reconstruction. Specifically, the bank sought to identify its options for meeting regulatory requirements imposed by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Co-location Services Strategy
A national securities exchange in a high-growth emerging market was seeking to bolster its infrastructure to support more inward investment and potentially diversify its revenue streams through the provision of co-location hosting services. As part of its growth strategy, the exchange sought to review its existing datacentre assets to identify any capacity constraints and operational risks, and to assess the local market.
Cloud Provider M&A Due Diligence
One of the world’s largest sovereign wealth funds retained Citihub to advise on a proposed investment in a domestic cloud and managed services provider. This was the first such investment the fund had considered, and the management team felt that they needed support to understand the technologies involved and the dynamics of the global, regional and local market .
Desktop Migration Services
Citihub ensured a top 3 hedge fund met its end-of-life deadline for upgrading nearly 4,000 desktops to Windows 7. By the end of the project, and through direct influence and innovation from Citihub, the firm had consolidated the number of applications it had to migrate – from 8:1 – reduced time taken to provision a desktop from eight hours to just 40 minutes, and improved the accuracy of that provisioning from 60% to 99%.
Infrastructure and Shared Services Strategy
A Middle Eastern central government office approached Citihub Consulting to help with its disaster recovery strategy. The government supported more than two million citizens and expatriates with a range of services and utilities. Dynamic population growth and rapid development in the provision of public and security services had resulted in more than 30 departments (ranging from emergency services through utilities, education and health care) creating a wide range of independent IT solutions.
Organisational Design and Service Planning
As part of its global expansion program, a leading liberal arts university was building a state-of-the-art campus to accommodate more than 6,000 students. The university approached Citihub Consulting to assist with the construction, commissioning and transfer of its IT operations. The new campus consisted of more than 35 buildings that provided student accommodation and learning facilities, ranging from scientific labs to film studios.
Automated Infrastructure Provisioning for Private Cloud
A leading global bank approached Citihub Consulting to advise on improving its end-to-end server provisioning processes, seeking to reduce time-to-market, improve quality and drive end-to-end automation of its server provisioning processes for its private cloud platform.
Capacity Management: Finding the Right Balance
Tuesday 16 December 2014
Capacity management has always been an integral part of managing IT operations for capital markets institutions. Yet managing capacity has never been more challenging. In the years leading up to the financial crisis, most institutions were comfortable in over-provisioning IT capacity. There was less focus on cost; more on scale and performance. Market data volumes were growing exponentially, fu ...
Reg SCI Gets Go-Ahead; Emphasis on Risk-Based Approach
Thursday 20 November 2014
Regulation Systems Compliance and Integrity, more commonly known as Reg SCI, was yesterday voted through by the Securities and Exchange Commission (SEC), a little more than 18 months after the rule was first proposed. I’m not sure if anyone has had time to analyse all of the implications of the 700+ page ...View all posts
Citihub Consulting sponsors Businesswomen of Toronto Networking Group
Toronto, Canada, October 9, 2014 – Citihub Consulting, a global IT advisory firm, has sponsored the inaugural meeting of the Businesswomen of Toronto Networking Group. The meeting was well attended, with 30 businesswomen gathering to share ideas, experiences, and make new connections. Attendees were primarily from the financial services and technology industries, including representatives from four of the leading Canadian banks.Continue reading
Citihub Consulting expands Toronto office
Toronto, Canada, June 9, 2014 – Citihub Consulting, a global IT advisory firm, has moved to a new office location in Toronto, Canada, to support its growing base of financial and government sector clients in the region. Citihub first incorporated its Canadian business in 2011, and since then has seen strong growth in demand for its services. To support that demand, Citihub has now increased its Toronto-based consulting team and moved to a new office at 140 Yonge Street, Suite 200, Toronto, Ontario M5C 1X6.Continue reading