BMG bank has affirmed their dominant market position by consistently streamlining their sales department with internal business operations. This strategy has led into the development of a business brand name reputable from a tradition that emphasizes on quality service provisions. In addition, BMG bank has deployed a robust and scalable information system infrastructure that enables the institution to take advantage of modern concepts such as big data analytics that deliver business intelligence.
It is through business intelligence that BMG bank is able to derive hidden but meaningful customer related information that drives the growth of new products and services.
BMG bank boasts of a talented workforce, and thus has adopted high level corporate governance practices. Today the bank is relying on their board of management whereby up to 40% of the same board members are independent. Such sovereignty is unusual from companies with a history of family owned and controlled business.
This strategy implies that the organization wants to do things in a different manner so that they may increase their product portfolio and at the same time market valuation.
Another strategy implemented by the bank is that they prefer operating with high quality credit portfolios. Most financial institutions operate on a very risky model of lending money. In certain cases, money gets lost, a situation that impacts negatively on the bank’s balance sheet. BMG bank in Brazil understands such risks. In most cases, fraud is common from both insiders who are employees working with the organization and outsiders who happens to be the clients. With such a scenario in the limelight, the bank has responded by establishing an anti-fraud unit and an internal anti-money laundering program. The company has also initiated an independent Audit and strategic investor relation program to mitigate on business risks.
The above initiatives would not have been possible without insightful business leaders. One such boss that the bank is blessed to have is Mr. Marcio Alaor who is the current vice president.
Mr. Alaor is a prudent business leader with decades of banking experience. Mr. Alaor clearly understands the changing business dynamics in the financial industry and these are the reasons why he aggressively implements sound business policies that drive BMG business forward. He consults widely on management issues working hand in hand with the banks board.