Rashmi Rao; Credit: IQ-EQ

IQ-EQ, a leading investor services group headquartered in Luxembourg, has announced the appointment of Rashmi Rao as its new Group Chief Information Officer (CIO).

Rashmi Rao brings more than 20 years' 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. Ms Rao has advised several private equity portfolio companies and brings a global mindset to the role, having worked across the United Kingdom, the United States, Europe, India and Africa.

As the COVID-19 pandemic 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, according to IQ-EQ.

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 (CTO) 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 Rao 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).