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The Importance of Strategic Management of an In-House Function

April 2011
ManagementBanking & Finance

Abstract

This article seeks to emphasize the importance of Managers having a strategic approach to the management of their In-house teams. Managers must be deliberate when faced with choices and those choices must reflect reality – the goals of the department, the wider organisation and the external environment within which the department operates. There is a constant failure to match the environment to the needs of the team creating a gap which contributes to In-house teams and heads of legal departments not getting the recognition that they deserve.

Author

Portrait image of Solomon Osagie
Solomon Osagie
Chief Legal Counsel, TSYS International, UK

Dr Solomon Osagie is Chief Legal Counsel at TSYS International. He also has responsibility for data protection and regulatory compliance matters. A leading General Counsel ranked in the 2016 FT GC rankings, he was named in the Hot Lawyer rankings for 2016. In 2011 Dr Osagie was appointed to the Law Society’s Company Law Committee and he sits on advisory boards at a number of organisations like Acritas, GOAL, The Lawyer Financial Services Forum and the Brussels GC Advisory Board. In 2014, he was invited to join the Westminster Policy Forum on Legal Education and Training in the UK. Dr Osagie was a partner in private practice and then held senior roles in Industry. In 2016 he was invited to join the Lafferty Brexit Council, the International Cards & Payments Council and the International Retail Banking Council (IRBC). Before his appointment at TSYS International, Dr Osagie was Group General Counsel & Company Secretary at Global Switch. Solomon read law and international relations at Cambridge. He holds an MBA as well as a doctorate in management and law. He speaks and writes regularly about regulatory matters in the financial services sector and has been influential in the commentary on subjects like data protection and strategic management.

Company

TSYS International

TSYS® (NYSE: TSS) is a leading global payments provider, offering seamless, secure and innovative solutions across the payments spectrum — from issuer processing and merchant acquiring to prepaid program management . We succeed because we put people, and their needs, at the heart of every decision. It’s an approach we call ‘People-Centered Payments®’. Our headquarters are located in Columbus, Ga., U.S.A., with approximately 11,500 team members and local offices spread across 13 countries. TSYS generated revenue of $4.2 billion in 2016, while processing more than 25.5 billion transactions. We are a member of The Civic 50 and were named one of the 2017 World's Most Ethical Companies by Ethisphere magazine. TSYS is a member of the S&P 500 and routinely posts all important information on its website. For more, visit tsys.com.

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