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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.”
This forms part of…
