Schroders Head of Group IT Matthew Oakeley will be stepping down next year.
Oakeley has been with the FTSE 100 asset management firm since 2005, and within a year was leading the replacement of the company’s portfolio accounting system – the crucial platform supporting its asset management business – a two-year project completed on time and on budget just as the 2008 financial crisis began.
The accomplished choral singer told CIO in April this year that by 2010 this enabled Schroders to come out of the worst of the crunch a stronger organisation, with the IT in position to support the growth of the business and become a data-driven operation.
Before working for Schroders, law graduate Oakeley was Global IT Director for UBS Global Asset Management from March 1994 until April 2005.
Schroders told CIO UK: “We can confirm that Matthew Oakeley has decided to step down as Head of Group IT with effect from 1 May 2015. Over the past 10 years, Matthew has built a highly-skilled and committed team which will continue to deliver quality IT services and projects supporting Schroders’ changing client and business requirements.”
Overseeing 285 staff in the Schroders IT department in London with another 120 overseas and more than 80 outsourced roles in India, Oakeley has featured in the CIO 100 in each of the last three years.