Thousands of IT staff at Barclays and ABN Amro are bracing themselves for merger upheavals after Barclays confirmed...
it was looking to buy the Dutch bank.
The merged operation would create a bank with a combined 47 million customers and 220,000 staff worldwide.
The combined bank could be worth as much as £80bn, but to create the single operation in a seamless way will greatly rely on merging the two banks’ IT systems.
In the last two years ABN Amro has shed thousands of IT staff as it has aggressively adopted the outsourcing model.
It recently announced that a further 500 IT jobs would go, but it still has a substantial in-house team.
ABN Amro uses SAP-based business processes and has a £1.2bn outsourcing deal which includes Accenture, IBM, Infosys and Tata Consultancy Services.
Barclays has major outsourcing deals with BT, Siemens and Accenture, but has a much bigger in-house IT team compared to ABN. Barclays also uses SAP-based business processes, which may help the integration plans.