British banking and asset management group Schroders is over 200 years old and a global financial powerhouse with 32 offices in 25 countries. Based in the City of London and on the FTSE exchange it employs 2,905 people.
IT Leader: Matthew Oakeley. Head of group IT
In role since: six years
Reporting line: Reports to the COO
Board level seat: No
IT estate and or number of log on accounts under the control of the IT leader: Technology is central to Schroders business. Almost all of our 2,800 global staff requires a computer to do their job. Investment management functions rely very heavily on enterprise strength data and analytic tools and accurate up to date market information.
Level of the workforce that relies on technology to carry out their tasks: 100 per cent
IT staff currently employed: 300
Split between in-house/outsourced staff: IT infrastructure in London is outsourced, 50 outsourced staff on site. Contract to permanent ratios within i- house staff very much vary markedly with demand
IT management team and reporting structure: The company has a Head of Investment IT, head of group business consultancy, head of distribution IT, head of core IT, head of IT production, head of infrastructure, head of IT Asia Pacific, head of collaborative services.
All teams are tasked with managing their core stakeholder relationships and developing the business/ IT partnership
Primary technology platforms at the organisation: The investment management platform is a combination of multiple best of breed package solutions augmented with in house developed solutions. Like most organisations, our most prevalent technology is the Microsoft Office productivity suite but beyond this there are many hundreds of business applications of which a core of about 20 are major global platforms.
Primary main technology suppliers: Microsoft, Oracle, Simcorp, Charles River, Bloomberg, Eagle Investments, BT, Computacenter, UST Global
Strategic aim of the CIO and IT operations for the next financial year: To support business growth and the consequent need for evolution of our platform
Technologies considered by the leader to offer their organisation potential: Mobile devices: collaboration, unified communications technologies, online knowledge technologies
Future transformation and technology vision for the organisation: The growth in our business will lead to considerable technology growth for business solutions; this will include renewed interest in Business Intelligence and data strategies. Collaboration technologies and new ways of working remotely and on the road will be important to us as will ‘Business Networking’ technologies as they emerge from the embryo of social media technologies. The impact of the iPad and consumerisation generally is yet to be fully felt.