Advisory Global Investment Bank · Financial Services

Taking back control after
a decade of outsourcing.

A global investment bank had outsourced its IT service desk and key ITSM functions to a managed service provider a decade earlier. The contract was coming to an end, service quality had declined steadily for three years, and the new CIO wanted independent counsel on whether to renew, retender or insource. What started as a strategic advisory engagement became the foundation for a complete ITSM insourcing programme.

Sector
Global Investment Bank
Financial services, regulated
Engagement Type
C-Level Advisory
Strategic insourcing decision
Duration
14 Months
Advisory through to insourcing go-live
Annual Saving
£1.2M
vs. renewed outsource contract
£1.2M
Annual saving vs renewed contract
14
Month advisory to go-live
38%
Improvement in user satisfaction
100%
Vendor agnostic — no supplier ties

The Challenge

The CIO had inherited a managed service arrangement that had worked reasonably well for its first few years but had deteriorated significantly. SLA compliance was technically being met — but the metrics didn't reflect reality. User satisfaction scores were the lowest in the organisation's history, shadow IT was growing as teams found workarounds, and the managed service provider's response to every problem was to propose a contract extension or scope change.

With the contract renewal decision approaching, the CIO needed independent counsel — someone without a stake in any particular outcome. The three options on the table were renewal, a managed service retender, or insourcing. Each had significant cost, risk and capability implications that the organisation's internal team was not well-placed to assess objectively.

Crucially, the CIO also knew that whatever decision was made, the underlying ITSM processes needed to be addressed. The outsourcing arrangement had allowed process ownership to atrophy inside the organisation — nobody internally fully understood what was being delivered, how it was being measured, or what good would look like.

  • Managed service SLAs technically met but user experience consistently poor
  • Internal ITSM knowledge and capability had eroded over a decade of outsourcing
  • No internal visibility of true service costs or provider performance
  • Shadow IT proliferating as users lost confidence in official channels
  • New CIO needed independent evidence — not provider-generated data — to make the renewal decision

"The SLAs said green. The users said something very different. We needed someone with no skin in the game to tell us what was actually happening — and what our real options were."

Our Approach

We began with a rapid but structured assessment — not a full ITIL benchmarking exercise, but a focused diagnostic of the areas that mattered most to the insource/retender/renew decision: true service performance, cost transparency, internal capability and the realistic effort required for each option.

The findings were unambiguous. The managed service provider was delivering to the letter of an outdated contract that no longer reflected the organisation's needs. The cost of renewal, adjusted for the scope changes required to bring it to an acceptable standard, was significantly higher than the headline renewal figure. Insourcing, done properly and with the right foundations, was both feasible and financially superior.

With the decision made, the engagement shifted to insourcing advisory and programme support — helping the organisation build the internal ITSM capability it had allowed to atrophy, recruit and onboard a new internal service desk team, select a modern ITSM platform, and manage the transition from the managed service provider without service disruption.

  • Rapid independent assessment of true service performance vs contracted SLAs
  • Cost modelling across all three options — renewal, retender, insource
  • Board-level recommendation with evidence base and risk analysis
  • Insourcing programme design and advisory support
  • Internal ITSM capability build — process design, ownership model, governance
  • ITSM platform selection (vendor-agnostic) and implementation oversight
  • Managed service exit management and knowledge transfer

The Outcome

Fourteen months after the initial advisory engagement, the organisation had successfully insourced its IT service desk and core ITSM functions. The transition was managed without material service disruption — a significant achievement given the complexity of unwinding a ten-year outsourcing relationship.

The financial case proved conservative. Annual savings against the renewal option came in at £1.2M, with the insourced model delivering a level of service control and visibility the organisation hadn't had in over a decade. User satisfaction improved 38% in the first six months of full insourced operation.

Perhaps most significantly, the organisation now owned its ITSM capability — the processes, the people, the knowledge. That resilience and control had been the CIO's underlying goal from the start.

  • £1.2M annual saving versus the renewed managed service contract
  • 38% improvement in user satisfaction within 6 months of insourced operation
  • Zero material service disruptions during the managed service exit
  • New internal service desk team recruited, trained and operational on day one
  • Modern ITSM platform selected, configured and live within programme timeline
  • Full internal ITSM ownership restored — processes, knowledge and governance all internal

"Having someone truly independent — with no managed service relationships, no tool commissions, no stake in the outcome — made the difference. We got honest advice, not a sales pitch dressed up as a recommendation."

Key Deliverables

  • Independent service performance assessment vs contracted SLAs
  • Cost modelling and financial comparison across three strategic options
  • Board-level recommendation report with risk analysis
  • Insourcing programme design and advisory support
  • Internal process design and ITSM capability build
  • Vendor-agnostic ITSM platform selection
  • Managed service exit and knowledge transfer management
The Situation
Decade-long managed service arrangement coming to renewal. Declining service quality, eroded internal capability and a new CIO needing independent counsel on the right path forward.
What We Did
Independent performance assessment, option appraisal, board-level recommendation and full insourcing programme support from decision to go-live.
The Result
£1.2M annual saving, 38% user satisfaction improvement, zero transition disruption, full internal ITSM ownership restored.
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