UK-listed fund group Schroders outsources in-house tech services to UST

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UK-listed fund group Schroders is outsourcing a significant part of its technology function as part of an ongoing cost-cutting drive under new chief executive Richard Oldfield.

The $758-billion asset manager has picked digital consultants UST to take over services across its IT infrastructure and support division.

Confirming the same, a Schroders spokesperson in a statement to ET said, “Schroders has partnered with UST, a global digital transformation solutions provider, to outsource a range of in-house global technology services.”

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UK-listed fund group Schroders outsources in-house tech services to UST


UK-listed fund group Schroders is outsourcing a significant part of its technology function as part of an ongoing cost-cutting drive under new chief executive Richard Oldfield.

The $758-billion asset manager has picked digital consultants UST to take over services across its IT infrastructure and support division.

Confirming the same, a Schroders spokesperson in a statement to ET said, “Schroders has partnered with UST, a global digital transformation solutions provider, to outsource a range of in-house global technology services.”

This forms part of…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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