Industry insider Ian Oswald is leaving EY to join German tech giant GFT Technologies, the Stuttgart-based company confirmed to QA Financial today.
Oswald will become part of GFT’s core leadership team as the firm’s new executive director of strategy and offerings.
He is joining the company’s 280-strong UK team from EY where Oswald was a partner in the business technology consulting team, primarily responsible for engagements on technology strategies and rolling out transformation roadmaps within the financial services space.
For years, Oswald was responsible for the execution and implantation of digital innovation proposals at large banks across the UK and a number of challenger banks.
Before EY, Oswald worked at IBM, PwC and NatWest.
“Ian brings more than 25 years experience in technology transformation for retail and commercial financial services,” a GFT spokesperson in London told QA Financial.
“At GFT, he will be responsible for driving the business’ capabilities and offerings for the company’s clients across the financial services industry,” she added.
Oswald’s appointment marks the second major hire in GFT’s UK leadership team in just under six months.
In October, the company appointed Priya Lakshmi as its new Chief Revenue Officer.
Sophos Solutions
Last month, GFT made headlines when it struck a deal to acquire Colombia-based IT firm Sophos Solutions. The takeover was aimed to expand GFT’s footprint across Latin America.
By acquiring Sophos Solutions, GFT managed to get a foothold in the region’s largest IT banking markets, including Brazil, Mexico, Panama, Chile and Colombia.
“Last month’s move aligns with GFT’s ambition to bolster its banking IT services across the region and enhance its global delivery model,” the spokesman shared with QA Financial.
As a result of the deal, 1,700 staff will be added this year to GFT’s global workforce, an increase of about 20%.
GFT Technologies primarily focus on leveraging technology to increase client productivity through software solutions, enterprise AI, data solutions, platform innovations and digital finance solutions.
Currently, the 35-year old German company has a presence in around 15 markets around the world via a network of local parnters and subsidiaries.
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