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CIBC Mellon: Managing a Cross-border Joint Venture

Paul W. Beamish; Michael Sartor

商品編號:9B10M091
出版日期:2010/05/11
再版日期:2012/05/24
商品來源:
商品主題:General Management/Strategy; International Business
商品類型:Case (Field)
涵蓋議題:Financial Crisis;Joint Ventures;Leadership;Alliance Management;Managing Multiple Stakeholders;Canada;United States
難易度:4 - Undergraduate/MBA
內容長度:15 頁
地域:Canada; United States
產業:Finance and Insurance
事件年度:2008

During his 10-year tenure, the president and CEO of CIBC Mellon had presided over the dramatic growth of the jointly owned, Toronto-based asset servicing business of CIBC and The Bank of New York Mellon Corporation (BNY Mellon). In mid-September 2008, the CEO was witnessing the onset of the worst financial crisis since the Great Depression. The impending collapse of several major firms threatened to impact all players in the financial services industry worldwide. Although joint ventures (JVs) were uncommon in the financial sector, the CEO believed that the CIBC Mellon JV was uniquely positioned to withstand the fallout associated with the financial crisis. Two pressing issues faced the JV’s executive management team. First, it needed to discuss how to best manage any risks confronting the JV as a consequence of the financial crisis. How could the policies and practices developed during the past decade be leveraged to sustain the JV through the broader financial crisis? Second, it needed to continue discussions regarding options for refining CIBC Mellon’s strategic focus, so that the JV could emerge from the financial meltdown on even stronger footing.

教學手冊:CIBC Mellon: Managing a Cross-border Joint Venture - Teaching Note
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