Financial services group Prudential expects to save up to £25m a year by creating a single global IT infrastructure to support all its brands, including online bank Egg, which it now says it will keep.
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Prudential chief executive Mark Tucker said the company would retain Egg after failing in its extended attempt to sell it.
Tucker said Prudential would retain a federal structure for its various brands, but said greater integration at the operational level was needed, and that included IT.
He said work was already underway to create a single global IT infrastructure that should save the Pru between £20m and £25m per year.
The re-organisation includes a review of the company’s data centre operations, which are currently outsourced to Capgemini.