Case Study
This global wealth management company had great potential, but stagnant profits. It needed a clear corporate vision to maximize value for shareholders. Bain recommended focusing on developing the private banking unit and selling the asset management business. The strategic refocus created significant shareholder value, and the company outpaced the market index by $750 million in six months.
AssetMaster* had great potential, but stagnant profits. The company needed a clear corporate vision to maximize value for its shareholders.
AssetMaster is an integrated global wealth management company that operates several distinct businesses, including an asset management operation and a private banking business.
Recently, the asset management unit has had declining profitability. At the same time, private banking, though highly profitable, was ignoring untapped potential.
AssetMaster's management believed that a few critical factors were causing these performance problems:
AssetMaster asked the Bain team to help improve its profits and fix underperforming asset growth by reviewing the company's integrated business strategy.
Bain conducted a comprehensive review of AssetMaster's businesses and developed an implementation plan for a new strategy.
By selling the asset management business, AssetMaster could focus its resources on developing the full potential of the private banking unit - and maximizing shareholder value.
AssetMaster's shareholders gained significant value through the new strategy: the company outpaced the market index by $750 million in six months.
* We take our clients' confidentiality seriously. While we've changed their names, the results are real.