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  1. 1. Corporate & Investment Bank IT Service Oriented Enterprise Strategy Narrative March 2006
  2. 2. <ul><li>Service Oriented Enterprise “Our SOA & SOI Strategy” </li></ul>
  3. 3. Earnings Growth New products/markets Reduce risk Return focus Improve investment yield Minimize operational risk Operational Efficiency Flexible, Scalable & Adaptable IT Meet or Exceed LOB SLA’s SOA – speed time to market for new products Why a Service Oriented Enterprise – Business & IT Alignment Ability to meet future obligations Timely & accurate service, analysis and reporting Consistent & predictable control of Service Creation, Deployment and Management SOI – core infrastructure operations to enable growth & agility, and differentiation of service ROE Improvement Market Expectation Business Translation IT Translation
  4. 4. Our multi-year strategy to evolve to a Service Oriented Enterprise <ul><li>Define Technology Strategy </li></ul><ul><li>Plan strategy implementation </li></ul><ul><li>Rationalize technology spend </li></ul><ul><li>Operational risk & controls </li></ul><ul><li>Develop technology “building blocks” </li></ul><ul><li>“ Top-Down” Portfolio Mapping </li></ul><ul><li>SOE Operationalization </li></ul><ul><li>Implement core component capabilities </li></ul><ul><ul><li>Sales Desktop </li></ul></ul><ul><ul><li>Trade Desktop </li></ul></ul><ul><ul><li>Reference Data </li></ul></ul><ul><ul><li>Utility Platform </li></ul></ul><ul><ul><li>Service Bus </li></ul></ul><ul><li>Leverage offshore souring models </li></ul><ul><li>Metrics </li></ul><ul><li>Instrumentation </li></ul><ul><li>Proliferation of shared services </li></ul><ul><li>Realization of Offshoring benefits </li></ul><ul><li>Scalability </li></ul><ul><li>Flexibility </li></ul><ul><li>Record time to market </li></ul><ul><li>Decreased OER </li></ul>2005 2006 2007 2008 Rationalization, Alignment & Stabilization Stabilization, Investment, & Execution Optimization & Efficiency Differentiation
  5. 5. Business & Technology Alignment to enable SOE Implementation Capital Markets Technology Equities Technology Operations Technology Global Financial Inst & Trading Systems Risk Management Technology Investment Banking Technology Business Systems Technology Global Capital Markets Wholesale Operations Global Financial Institutions & Trade Services Credit & Market Risk Investment Banking Treasury Services Capital Finance CIB CIO CIB CEO Product Management Tech Services CIB Treasurer Treasury Finance
  6. 6. CIBT Transformation Strategy  “Service Utility Model” 2002 - 2004 2005 - 2006 Data & Reporting Clearing, Settlement, Payments, & Recons Pos Mgmt, Risk, Books & Records Banking, Sales, Research & Analytics Fixed Income Risk Services Data & Reporting Clearing, Settlement, Payments, & Recons Pos Mgmt, Risk, Books & Records Banking, Sales, Research & Analytics Equity Linked Products Data & Reporting Clearing, Settlement, Payments, & Recons Pos Mgmt, Risk, Books & Records Banking, Sales, Research & Analytics Equity Capital Markets Data & Reporting Clearing, Settlement, Payments, & Recons Pos Mgmt, Risk, Books & Records Sales Treasury Finance & Capital Finance Equities Trading Treasury Finance & Capital Finance Global Trade & Payments Fixed Income Trading Analytics Sales & Research Core Services (e.g., Order Management, Position Management, Frameworks) Operations Infrastructure and Architecture Banking
  7. 7. Become “World Class IT Service Utility Provider ” Past Target State Components & Reusable Services Core Infrastructure Frameworks Present Cost Center Service Provider Evolutionary Steps Static Inefficient Silos Dynamic Service Utility Business – IT Alignment Results Service Culture Portfolio Mgmt Governance CIBT “Strategy Transformation” to a Service Oriented Enterprise Inconsistent Development Complex Infrastructure Inconsistent Silo Approaches Transparent Service Environment Service Level Management Best Practice Expertise Agility & Operational Efficiency
  8. 8. <ul><li>Service Oriented Enterprise “Our Approach – 16 Steps to SOE” </li></ul>
  9. 9. SOE Step 1 – Target to Future State Mapping <ul><li>Step one towards SOE </li></ul><ul><ul><li>Objectives </li></ul></ul><ul><ul><ul><li>Reduced time-to-market for new products </li></ul></ul></ul><ul><ul><ul><li>Improved ability to quickly inject quantitative strategies and models into applications </li></ul></ul></ul><ul><ul><ul><li>Streamlined systems and processes with new loan platform strategy </li></ul></ul></ul><ul><ul><ul><li>Improved data consistency, quality, and completeness by centralizing and consolidating repositories </li></ul></ul></ul><ul><ul><ul><li>Reduce quantity and attributes of silo systems </li></ul></ul></ul>
  10. 10. SOE Step 2 – Component/Service Definition
  11. 11. SOE Step 3 – Component, Service & Framework Inventory Details Listing Details
  12. 12. SOE Step 4 – Component/Service/Framework - Interdependencies 13
  13. 13. SOE Step 5 – Value Mapping in terms of Efficiencies <ul><li>Underinvestment in technology and infrastructure </li></ul><ul><li>Initial increase in technology spend due to: </li></ul><ul><ul><li>Overcome the fragmented application architecture that had evolved </li></ul></ul><ul><ul><li>Attracting and retaining talent necessary to support CIB’s growth objectives </li></ul></ul><ul><li>Technology Spend begins to decrease due to the following: </li></ul><ul><ul><li>Utilizing offshore sourcing models </li></ul></ul><ul><ul><li>Rationalizing vendor licensing costs </li></ul></ul><ul><ul><li>Reduced headcount due to reuse of shared services and components </li></ul></ul>SOA provides 40% cost avoidance by 2008 Leveraging offshore resources provides 10% cost avoidance by 2008
  14. 14. <ul><li>Service Oriented Enterprise “Our Implementation” </li></ul>
  15. 15. SOE Step 6 - SOA Business Value Chain Implementation Model Middle Office Trading Sales Clearing Payments Settlement Retail ECN Exchanges Sales Desktop GL TDW Position Risk Order Management Pre-Trade Analytics Product Service Client Service Compliance Calc Trader Desktop Investment Banker Desktop Utility Services Third Party Networks Client Connection
  16. 16. SOE Step 7 – SOA Real Time Data Services Implementation Model Client/Entity Repository Account Repository Client Data Translation and Business Layer Distribution via Message Bus Entity & Account Cross Reference Single Client View Product Data Translation and Business Layer Pricing Data Translation and Business Layer Product Data Repository (Using Asset Control) Pricing Data Repository Trading Applications Books & Records Applications Reconciliation Applications Clearing & Sett. Applications Reporting Applications Risk Applications Bloomberg EJV FTID/Muller Monis S&P Crosswalk S&P ISID Bloomberg EJV S&P/Kenny FTID/Muller D&B Thompson Financial S&P Moody’s Fitch Lipper Mark It Partners Big Dough CIK KMV S&P/Crosswalk Alacara
  17. 17. SOE Step 8 – Business Components & Services SOI Runtime Model Business Components, Services & Frameworks
  18. 18. SOE Step 9 – Infrastructure Components & Services SOI Runtime Model Infrastructure Components, Services & Frameworks
  19. 19. SOE Step 10 – SOI Runtime Utility Management Model SOI Runtime Utility Infrastructure
  20. 20. SOE Step 11 – Product Management Model SOA Product Management
  21. 21. <ul><li>Service Oriented Enterprise “Management & Governance” </li></ul>
  22. 22. SOE Step 12 – Operational Process Model 22
  23. 23. Repository SOE Step13 – SOA Open Source/Grass Roots Lifecycle Management
  24. 24. SOE Step 14 – Component, Service Framework Portfolio Delivery Timeline Bus. Components <ul><li>Sales Desktop </li></ul><ul><li>Client Analytics </li></ul><ul><li>CRM Service </li></ul><ul><li>Risk Server </li></ul><ul><li>Scanning Engine </li></ul><ul><li>Historical Prices </li></ul><ul><li>Real-Time Quotes </li></ul><ul><li>GUI Protocol </li></ul><ul><li>Hedge Fund System </li></ul><ul><li>Elink </li></ul><ul><li>Sub-ledger </li></ul><ul><li>Risk Models </li></ul>Q2 ‘05 Infra Components Q3 ‘05 Q4 ‘05 Q1 ‘06 Q2 ‘06 <ul><li>Logging 1.0 </li></ul><ul><li>CDF 1.0 </li></ul><ul><li>Messaging </li></ul><ul><li>Reporting </li></ul><ul><li>FIX API </li></ul><ul><li>Portal 1.0 </li></ul>Bus. Components <ul><li>Trader Workstation </li></ul><ul><li>Algorithmic Engine </li></ul><ul><li>Compliance Restricted List </li></ul><ul><li>Actimize </li></ul><ul><li>Trading Risk </li></ul><ul><li>Sensitive P&L </li></ul><ul><li>Risk Valuation </li></ul>Infra Components <ul><li>Distributed Cash Mgmt </li></ul><ul><li>Normal Soft Config of Data </li></ul><ul><li>RPC Component </li></ul><ul><li>CDL Library </li></ul><ul><li>Logging 1.1 </li></ul><ul><li>CDF 1.1 </li></ul><ul><li>Testing Tools </li></ul>Bus. Components <ul><li>Order Management </li></ul><ul><li>Transaction Management </li></ul><ul><li>Loans </li></ul><ul><li>Internal Crossing </li></ul><ul><li>Price Prediction </li></ul><ul><li>Compliance Watch List </li></ul><ul><li>Counter Party Risk </li></ul>Infra Components <ul><li>Service Catalog </li></ul><ul><li>Portal 1.1 </li></ul><ul><li>Grid Utility 1.0 </li></ul>Bus. Components <ul><li>Position Management </li></ul><ul><li>Offering Services </li></ul><ul><li>Client Data </li></ul><ul><li>Client/Acct Maintenance </li></ul><ul><li>Issue – Issuer Link </li></ul><ul><li>Corporate Actions </li></ul><ul><li>Approval Workflow </li></ul><ul><li>Hierarchy Grouping </li></ul><ul><li>Data Cleansing </li></ul><ul><li>Client Profile Service </li></ul><ul><li>Licensing & Registration </li></ul>Infra Components <ul><li>Monitoring 1.0 </li></ul><ul><li>Server Framework 1.0 </li></ul><ul><li>Service Discovery 1.0 </li></ul>Bus. Components <ul><li>Smart Order Routing </li></ul><ul><li>Research Service </li></ul><ul><li>Research/Publication </li></ul><ul><li>Research/Disclosure </li></ul><ul><li>Research/Distribution Engine </li></ul><ul><li>Employee Hierarchy Tree </li></ul>Infra Components <ul><li>Authentication 1.0 </li></ul><ul><li>App Env CM v1.0 </li></ul><ul><li>CM Bug & Release 1.0 </li></ul><ul><li>Data Distribution 1.0 </li></ul><ul><li>Managed Metadata 1.0 </li></ul><ul><li>Data Acquisition & Control 1.0 </li></ul><ul><li>Message Broker/Smart Broker 1.0 </li></ul><ul><li>Grid Utility 2.0 </li></ul>TARGET DATES ARE INDICATIVE
  25. 25. SOE Step 15 – Efficiency Map: Provider (i.e. build) / Consumer (i.e. re-use) Number of identified components as of February 2006: 0 1 0 12 Wholesale Ops 4 3 0 11 Investment Banking 0 1 2 10 10 7 7 9 11 Infrastructure Services 8 13 1 1 0 3 6 17 5 Business Services Consumer – i.e. re-use 0 0 1 0 0 0 0 0 4 Infrastructure Services 16 5 6 8 5 8 7 5 11 Business Services Producer – i.e. building Risk Equities Program Trading Client Master Product Master/ Bus Sys/ Compliance Sales Trader Desk FI LOB
  26. 26. SOE Step 16 – Automated Management & Tracking
  27. 27. LOB and Business Function Support Note: Screen shots taken from Troux software but as examples only, may not reflect actual design, configuration, or implementation of Troux for Wachovia
  28. 28. Component Portfolio Dynamic Blueprint Example Note: Screen shots taken from Troux software but as examples only, may not reflect actual design, configuration, or implementation of Troux for Wachovia
  29. 29. Component List Note: Screen shots taken from Troux software but as examples only, may not reflect actual design, configuration, or implementation of Troux for Wachovia
  30. 30. Component Profile Report Note: Screen shots taken from Troux software but as examples only, may not reflect actual design, configuration, or implementation of Troux for Wachovia

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