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Elgin White appoints Matthew Reid to accelerate Front Office practice expansion

Matthew Reid
 Principal Consultant

Matthew Reid’s appointment as Principal Consultant, combined with the hire of Daan Smit in October 2023, will enable Elgin White to meet rapidly rising demand for SimCorp front office advisory and implementation services.

Learn more about Elgin White’s Front Office Review Service here.

Based in London, Matthew will lead the planning and implementation of complex front office transformation projects in North America, Europe and Asia Pacific.  

Matthew is one of the most experienced front office experts in the investment management industry, having led the strategic direction, development, and implementation of front office Order Management Systems (OMS) over two decades. He joins Elgin White from Coremont, where he was Head of Product for Clarion OMS. Previously, he spent more than 16 years as Head of OMS Product at SimCorp, a leading global provider of integrated investment management solutions.  

His remit includes reviewing the front office operations of Elgin White’s SimCorp clients and advising on strategic and operational improvements that will boost efficiency and increase competitive advantage. His implementation work will focus on enhancing processes, systems and technology, on time and on budget. 

Erik Schutte, Managing Director at Elgin White said: “Elgin White’s priority is to advise, guide, and support our clients based on the highest quality intelligence and insights. Both Matthew and Daan bring deep front office domain expertise and an abundance of SimCorp Dimension experience to the team. Matthew will work with clients internationally – initially in Asia Pacific – to ensure they are operating as efficiently as possible, and their business is future proof.” 

Matthew Reid commented: “I have worked with numerous asset managers over the past 20 years to understand and address their front office challenges and requirements. This background enables me to quickly identify the level of transformation that is required and implement solutions that create the best possible value outcomes for clients. I am excited to be continuing this work within the highly acclaimed Elgin White front office practice.”  

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Jeremy Hurwitz

Managing Director - North America

Based in Los Angeles, California, Jeremy founded InvestTech Systems Consulting LLC in 1990. As President and Director the Enterprise Data Management and Architecture Practice for more than 25 years he managed over 50 large investment technology, strategy, and implementation projects for many of the largest global investment management firms. Following the acquisition of his firm by Accenture in 2017, Jeremy remained as Managing Director, Asset Management Lead.

Jeremy joined Elgin White in 2022 to lead the firm’s launch into North America. He is recognized throughout the North America asset management community as a thought leader and innovation architect in the design of enterprise data, analytics, and reporting platforms. His deep knowledge, broad buy-side network, and extensive experience deploying business-outcome-focused technology solutions successfully has accelerated the growth of Elgin White in North America.

Stanley Drasky

Managing Director

Stan joined Elgin White in 2020 following an impressive 30-year career working predominantly for world-class buy-side financial services firms in North America and Europe. He is a renowned buy-side technology leader with a reputation for designing and delivering large-scale transformation initiatives at scale and pace. Currently, Stan is especially active leading infrastructure (cloud and managed services) transformation projects.

His most recent roles prior to Elgin White include Chief Information Officer (EMEA) at State Street and various senior positions during his eight-year tenure at Northern Trust Corporation, including Head of IT & EMEA/Global Director of Fund Administration Technology, Global Director of Asset Management Technology, and Director of Trade Execution Technologies. Stan has also held senior Operational and Technology roles at Nuveen Investments and BNY Mellon.

Throughout his career Stan has been a strategic client or partner of every major front-to-back office technology vendor including SimCorp and Charles River Development.

Erik Schutte

Managing Director

Erik founded Elgin White’s consultancy practice in 2019, which transitioned the firm into a full-service buy-side consultancy and resourcing business. He is an experienced front-to-back business transformation professional and has held several senior management positions during his more than 30-year career in the UK and his native Netherlands, as well as Asia Pacific.

Previous roles include Head of Professional Services at SimCorp, Director at PwC UK, and Managing Director for Wealth & Asset Management Services at Accenture UK & Ireland.