National Commercial Banking Practice Lead & Senior Partner, Financial Services at West Monroe.
Tom is an innovative and creative leader with significant experience in creating impactful, data-driven solutions that drive growth. He recently led the redesign of a commercial banking operating model at a top-10 U.S. bank that improved sales effectiveness and client engagement. The results? End-to-end credit cycle time reductions of 55%, middle and back office expense reductions of 18%, fee income improvements of 17% and Relationship Manager revenue lift of over 35%.
Powell doesn’t expect to see a banking crisis as bad as the Global Financial Crisis.
Bankers say regulatory burden, rising costs and intensifying competition will reignite a drive for scale and spur dealmaking provided interest rates level off and the economic outlook improves.
A tough operating climate and steeper regulatory costs are creating incentives for banks to merge. How to play a buyout wave.