A prominent international bank saved $500,000 in six months by redeploying idle assets. After the client eliminated its Equity Trading business, assets from 500 positions were… More
The magnitude of devastation and ensuing recovery initiatives following the tragic events of September 11 were unprecedented. From an economic perspective, 27.5 million square feet of commercial office space in downtown New York City was lost and over 4,500 businesses needed to relocate quickly.
Lehman Brothers lost approximately 1.5 million square feet of office space on September 11. The enormity of the damage and the pressing need to restore business operations required them to call on outside consultants.
Lehman Brothers' internal Information Technology (IT) department was tasked with getting a working trading facility up and running in Jersey City, New Jersey within three days. Concurrently, the Lehman team had to find alternate office locations, build out space, install technology and telecommunications, and relocate people. In order to successfully tackle a project of this magnitude, Lehman Brothers turned to Align Communications, an IT project management company that provides technology solutions to many of the world's leading companies.
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