Allen & Overy’s chief technology officer Ian Storer is leaving the magic circle firm for Swiss global financial services giant UBS, we can reveal, as the in-house legal team undertakes a significant transformation exercise.
Storer will be working within UBS Group, which connects and provides support for its four divisions: global wealth management; personal & corporate banking; asset management; and investment bank. He takes over the role of domain CTO or architect for legal – reporting to Julian Hingorani, who has overall responsibility for areas including HR, legal, comms and branding – after the former CTO moved into the global wealth management business.
UBS has received shareholder and market recognition for its organisation-wide digital transformation programme, which in 2017 saw it announce that it is turning to Microsoft Azure to reduce its dependency on legacy technology and find new ways to leverage digital channels. The legal department, which is headed by group general counsel Markus U. Diethelm, is undertaking its own digitisation programme and a spokesperson for UBS said: “Our Group General Counsel function is going through a significant transformation, for which technology is a key enabler. Ian has been brought in to help guide this transformation.”
It is understood that the transformation programme will include a focus on using automation to provide better access to legal services and contracts across the business.
Storer has worked at A&O since October 2007, when he was a solutions architect. He became deputy CTO in 2012, and CTO in 2013, becoming the first appointed technology adviser to the main global IT board, responsible for defining the magic circle firm’s technology strategy and roadmaps. He will start at UBS on 7 May.
This story first appeared in the March Orange Rag newsletter. For your free copy click here: http://www.legaltechnology.com//latest-newsletter/