Alan McQuade currently heads the Europe, Middle East & Africa (EMEA) Global Supply Chain Management group. He leads a group responsible for supply chain management and vendor activity across the EMEA region, supporting vendor, sourcing and contractual activity across 23 EMEA countries. McQuade joined Bank of America in December 2005 and has since held a variety of positions in Global SCM, ranging from building the Europe Card Services SCM unit, running the APAC Supply Chain Group, leading the EMEA offshore activities to low cost service locations and running SCM activity for the bank’s Global Banking, Markets and Wealth Management divisions in EMEA. Prior to joining the Bank of America, McQuade held a variety of roles across sourcing, Purchase to Pay (P2P), supplier relationship management and outsourcing, in sectors ranging from manufacturing, government and consulting. McQuade holds an honor’s degree in mathematical sciences from the University of Strathclyde, a post-graduate degree in law from London Guildhall and is a member of the Chartered Institute of Purchasing & Supply (CIPS) in the UK. He is based in London. Prior to joining corporate life, McQuade enjoyed a brief career in professional football in Scotland, and still enjoys playing and coaching football in London in his spare time.
Key project(s) you are currently working on:
At Merrill Lynch, and across much of the financial sector, Vendor oversight across the lines of businesses and regions is receiving a much greater Regulatory focus than previous years. This is leading to a range of Internal programmes and related change activity to ensure the Regions and businesses have clearly evidenced controls, routines, oversight and understanding of their vendor and outsourced activity, and in terms of ensuring the correct escalation and committees are in place around such activity. The EMEA Supply Chain group are central to the implementation activity around this.
What you foresee being your key challenges for the next 12 months:
The lack of growth in the Eurozone, and the reducing revenues across wholesale and investment banking has created a more visible and significant pressure on expenses, across the Bank. This, combined with the increasing Regulatory focus around 3rd party activity is leading to an environment whereby the group have to come up with new and innovative ways to reduce our 3rd party cost base, whilst also ensuring a stronger control environment across all Regions.
How you are overcoming these challenges:
Rollout of enhanced vendor mgt routines, especially in our emerging markets environment, as well as close partnering with our business areas to manage down 3rd party reduction initiatives across a range of spend categories and business processes.