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Organizational simplification for aligning with business strategy
The organization is undergoing a project to simplify its structure in alignment with the current business strategy. Previously, the organization's structure was designed for a universal bank model across the globe, but the current strategy focuses on fewer interconnected businesses serving a singular client base with cross-border needs. The plan is based on aligning the org structure with the bank's vision and strategy, and also involves reducing heavy governance due to the shift in business operations.