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

UK-listed fund group Schroders is outsourcing a big a part of its expertise perform as a part of an ongoing cost-cutting drive beneath new chief govt Richard Oldfield.

The $758-billion asset supervisor has picked digital consultants UST to take over providers throughout its IT infrastructure and assist division.

Confirming the identical, a Schroders spokesperson in an announcement to ET mentioned, “Schroders has partnered with UST, a world digital transformation options supplier, to outsource a variety of in-house world expertise providers.”

This varieties a part of the operational and digital transformation presently underway at Schroders as a part of its dedication to enhancing pace, agility, and effectivity inside its operations, the fund group mentioned.

Schroders is dedicated to innovation and the partnership with UST additional underscores this focus; these adjustments will ship higher consumer outcomes and assist purchasers’ evolving wants, it mentioned.

The providers being transitioned are throughout the IT infrastructure and assist division (networks, service desk, desktop person assist and server infrastructure). Infosec and cybersecurity stay unchanged, Schroders mentioned.

UST has labored carefully with Schroders for 14 years. It gives a variety of providers, together with digital transformation, cloud transformation and knowledge analytics, the fund group defined.