Skandia IT head Tye quits

Skandia head of IT Catherine Tye has left the firm.

Tye was IT chief operating officer for Old Mutual Long-term Savings, which includes the asset management, emerging markets and wealth management parts of the business.

In August last year, the platform was out of action for a full working day due to a “power outage” which cut off electricity to Skandia’s London office, where the platform is powered. During that time, the firm took instructions from advisers by fax.

Old Mutual has appointed Long-term Savings executive James Brophy to replace Tye.

Tye has joined Enterprise Technology Services as a director, where former Old Mutual Wealth Management chief information officer Rob Hornby is managing director.

An Old Mutual spokesman says: “We can confirm Catherine Tye has left Old Mutual Long-term Savings. We wish her all the best. Her decision to leave has nothing to do with the power outage problems on the platform last year.”