View more on these topics

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.”

Recommended

2

MM Leader: Foolish to ignore calls for cost clarity

Calls for greater clarity on the costs of investing are getting louder and gaining a favourable hearing both in the media and within Westminster. Although it is easy to be cynical about the agenda of some of those campaigning against “hidden charges” and the almost hysterical presentation of cost calculations being fed to the press, […]

Repossessions up 5% year-on-year in Q4 2011

The number of properties taken into possession in Q4 2011 totalled 8,500, 5 per cent higher than the 8,100 homes repossessed in the same period in 2010, according to data from the Council of Mortgage Lenders. However, the number of repossessions in Q4 2011 marks a 9 per cent fall on the 9,300 properties repossessed […]

The Day of (B)reckoning

A period of exceptional uncertainty started last Friday for the UK, including a fierce leadership battle in a deeply divided Conservative party, the timing of the trigger of the EU’s Article 50, as well as a potential referendum in Scotland, and Northern Ireland. Click here to read the full article

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

There is one comment at the moment, we would love to hear your opinion too.

  1. This looks like the lowest form of journalism to me. By reference it implies that Catherine Tye left OM due to the power outage incident but does not include any facts to support this. If there are facts then publish them, otherwise you should publish an apology for this slur on her career.

Leave a comment