Press release – 27 October 2021
IQ-EQ hires Group Chief Information Officer as part of long-term technology push
Rashmi Rao is appointed a new Group CIO at IQ-EQ, reaffirming the investor service firm’s commitment to its technology transformation journey.
Rashmi brings 20+ years of experience to her new role and has a proven track record in leading successful technology transformations in regulated industries. She has previously held a number of senior technology leadership roles with insurance firms including Bupa, management consulting firms including McKinsey and Andersen and Fortune 100 banks. Rashmi has advised multiple private equity portfolio companies and brings a global mindset to the role, having worked across the UK, the U.S., Europe, India and Africa.
As the Covid-19 pandemic has proved, having a strong technology ecosystem was crucial in navigating the global shift to working from home, and will remain essential as the shift to hybrid working continues. As the private equity, funds and private wealth industries have started outsourcing more core administration functions allowing them to focus on investing and portfolio management, investor services firms need to ensure they can provide the appropriate support for the industry.
Speaking on her new role, Rashmi Rao said:
“I am delighted to join the team at IQ-EQ and take on the challenge of delivering new technology solutions to drive forward the development of IQ-EQ’s digital services. Ensuring a smooth user experience internally is important so we can provide a solutions first service for our clients. IQ-EQ has already been on a strong upwards trajectory when it comes to its technology journey, and I am excited to work closely with the team to drive this forwards.”
Chris Robinson, the Group Chief Technology Officer at IQ-EQ commented:
“Our vision at IQ-EQ is to be the leading investor services business globally, and we know that technology innovation is core to this. We are extremely excited to have Rashmi onboard to help us advance our technology infrastructure even further and support our continued innovation. Not only does she bring a wealth of experience in the technology transformation space, but she takes a clear customer first approach, which is core to IQ-EQ’s values.”
Rashmi will work closely with Chris Robinson and the rest of the senior IT leadership team. Her hire follows the recent expansion of the Group Technology leadership team with the hires of Vikas Sharma (Head of Engineering), Will Harris (Chief Digital Officer), and Shezad Khan (Chief Data and Analytics Officer).
Note to editors
IQ-EQ is a leading investor services group that brings together a rare combination of global technical expertise and deep understanding of client needs. We have the know-how and the ‘know you’ to provide a comprehensive range of compliance, administration, asset and advisory services to fund managers, multinational companies, family offices and private clients operating worldwide.
IQ-EQ employs a global workforce of 3,600+ people located in 24 jurisdictions and has assets under administration (AUA) exceeding US$500 billion. IQ-EQ works with 15 of the top 20 global private equity firms.
Also part of the IQ-EQ group of companies are First National Trustee Company (FNTC), Equitis, The Private Office, Peru & Partners, Blue River, Conseil Expertise & Synthèse, Constellation Advisers and Concord Trust Company.
To find out more about IQ-EQ visit www.iqeq.com
For further information on this announcement, please contact:
Josh Woolliscroft, Group Communications Manager
Louise Veitch, Aspectus Group