Short term has no future Dirk Hoebeeck, CIO Dexia Group Agoria - December 18, 2007 DEXIA.
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Transcript of Short term has no future Dirk Hoebeeck, CIO Dexia Group Agoria - December 18, 2007 DEXIA.
short term has no future
Dirk Hoebeeck, CIO Dexia Group
Agoria - December 18, 2007
DEXIA
22
A European Banking Group from the Roots
Dexia: a growth story
France
1987Foundation ofCrédit Local
de France (CLF)
Luxembourg
1856Foundation of
Banque Internat.à Luxemb. (BIL)
Belgium
1860Foundation of
Crédit Communalde Belgique (CCB)
Acquisition of BIL by CCB
1996
Acquisition of Financial Security Assurance2000
Acquisition of Artesia BC2001
1991
Alliance CCB - CLF
2006 Acquisition of DenizBank
33
Dexia is among the top 20 financial groups of Euroland
Market Capitalization as of September 27, 2007 Bn EUR Bn EUR
1 SANTANDER 85.6 11 KBC 35.3
2 BNP PARIBAS 71.5 12 FORTIS 27.5
3 ABN AMRO 70.5 13 DEXIA 24.9
4 ING 68.6 14 NATIONAL BANK OF GREECE 21.3
5 INTESA SANPAOLO 63.9 15 NATIXIS 18.8
6 UNICREDIT 63.0 16 COMMERZBANK AG 18.6
7 BBVA 58.5 17 CAPITALIA 17.6
8 SOCIETE GENERALE 56.0 18 ERSTE BANK 17.0
9 DEUTSCHE BANK 47.4 19 RAIFFEISEN INT 14.7
10 CREDIT AGRICOLE 44.9 20 BANCO POPULAR ESPANOL 14.7
Dexia: a growth story
44
Two pillar strategy
Since its merger in 1999 and the acquisition in 2000 of Financial Security Assurance (FSA) in the United States, Dexia has become the world’s largest player in local public finance. Dexia’s high level of expertise, its long-term horizon and the very high solvency of its customers, grant a superior quality of franchise. Dexia develops its strategy in this area on a global scale.
Dexia is a leading retail bank, and serves more than 6 million customers in Belgium, Luxembourg, Slovakia and Turkey. Over the years, Dexia has developed an entire range of banking services catering to individual customers, small and medium-sized enterprises and institutional clients and it is an active player in asset management, insurance, investor services and capital markets.
Public/project finance worldwide & universal banking in Europe
55
A worldwide presence of the Group
Dexia: a growth story
Canada 1,866Slovakia 861USA 535
Australia 330
Ireland 208
Spain 218
Singapore 141
UK 516
The Netherlands 181Germany 146
China 64
Denmark 43Israel 38Italy 305
Other 14 countries 97
Luxembourg 3,629
Belgium 15,223
* including 4,688 JV RBC-Dexia
Jersey 35
34,153 employees in 37 countries*
Turkey 6,801
Japan 50
France 2,454
Switzerland 221
Russia 60China 64Austria 131
66
Segment contribution to net income Group share (1)
Dexia’s business portfolio
(1) Excluding non-operating items and central assets, 1H 2007
% 52
27
4413
Public / Project Finance
and Credit Enhancement
Treasury and Financial Markets
Asset Management
Investor Services
Personal FinancialServices
Uni
vers
al B
anki
ng A
ctiv
ities
77
IT World @ Dexia
Strategy,Development & Architecture
Technology Services•Systems•Infrastructure•Operations •Helpdesk
IT STRATEGY TODAY: Dexia Technology Services• Dexia Bank Belgium• Dexia Bank Luxemburg• RBC-Dexia Luxemburg• Dexia Asset Management (Belgium & Luxemburg)
TOMORROW
Technology Services in other entitiesHUBS in Luxemburg, Turkey, Singapore, New York
88
Development, IT Strategy & Architecture
From a country organisation to a functional organisation
•Competence Centers Organisation•Multi-sourcing (X-entity, X-border, …)•Quality Framework (CMMI 2 – CMMI 3)•Performance Driven Culture and Optimize Skill Mix (CIO University)
Application Strategy
IT Strategy & Development Architecture
IT Governance
Treasury & Financial Market
Insurance Accounting, RMG, HR
DBB
DBL
DCL
Denizbank
Factory
CIO
99
CIO Strategic Framework
Strategic Projects Build IT Capabilities
1010
Current IT Delivery & Maintenance
not considering DenizBank, Dexia Banca Slovenska, smaller entities
1111
Multi Sourcing Strategy Maximum Impact (not considering DenizBank )
The schema below illustrates how DEXIA IT will unlock up to 60 000 man.days
1212
Questions?