HR aspects of a take‐over: part 3; Ferraris and limousines ‐ tales from the cultural body shop

Abstract

The last in a series of three articles which deal with the human resources aspects of mergers and acquisitions, with reference to a particular transaction in the international financial services sector ‐‐ the purchase of most of the businesses of Royal Trustco by the Royal Bank of Canada. Deals with events after the merger from a human resources perspective, and describes how two very different international private banking organizations were integrated. The strategy adopted by the Royal Bank of Canada was designed to ensure success for the merged businesses, instead of the failure which research attributes to at least 50 per cent of mergers and acquisitions. Summarizes key learning points which it is believed can be used in other mergers and acquisitions.

Citation

Burns, M. and Rosen, A. (1997), "HR aspects of a take‐over: part 3; Ferraris and limousines ‐ tales from the cultural body shop", Career Development International, Vol. 2 No. 5, pp. 219-224. https://doi.org/10.1108/13620439710174615