Schroders’ former head of group information technology is to join Investec Asset Management as chief technology officer.
Matthew Oakeley’s appointment is a big hire for Investec, bringing with him some 25 years of industry experience, having previously held positions at Phillips & Drew and later UBS Asset Management.
The appointment comes as Investec Asset Management continues its investment programme in global technology.
Kim McFarland, chief operating officer at Investec Asset Management said: “Hiring Mat underlines our belief in the importance of developing a best-in-class technology capability to support our delivery to clients.
“Building on our global operations platform, Matt will not only bring significant experience to our team, he will also enable us to evolve in order to meet our clients’ needs.”
Oakley has been with Schroders since 2005 and led the project to replace the group’s portfolio accounting system between 2006 and 2008.
Schroders confirmed that his previous role (which he left in April) has been filled by Stewart Carmichael.
Oxford graduate Oakeley has already conducted some consultancy and advisory work for Investec Asset Management prior to taking up the new role, looking at the technology needs of the business as a whole.
A statement on his appointment is scheduled to be released to the wider media next week.