Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
Markets
13 May 2025 by Maja Garaca Djurdjevic

Market rebound could backfire as Trump eyes tariff leverage

An economist has warned that a market rebound following the US–China trade truce could embolden Trump to escalate tensions once more. The 90-day ...
icon

Gold glitters in 2025: Betashares ETF hits $1bn on safe haven surge

Investor appetite for the yellow metal has intensified in 2025, with a local firm surpassing $1 billion in funds under ...

icon

Active managers warn index exposure ‘guarantees mediocrity’

While passive strategies continue to dominate the market as they relate to flows and assets, investment strategists have ...

icon

Future Fund announces key dual-executive appointment

The country’s sovereign wealth fund has unveiled a flurry of changes to its leadership team, including the appointment ...

icon

IFM’s first overseas owner to unlock £5bn investment

The industry superannuation fund-owned global private markets manager has finalised a landmark partnership with a UK ...

icon

T. Rowe Price cuts US equities, eyes global growth

T. Rowe Price has announced a reduction in its exposure to US equities and mega-cap tech stocks due to changing market ...

VIEW ALL
UST appoints new ANZ leadership

UST appoints new ANZ leadership

A leading digital transformation solutions firm has appointed a new managing director for Australia and New Zealand (ANZ) in an effort to drive further expansion of their vision of “transforming lives” across the region.

Matthew McCormack will step into the role at UST, moving into the position from Cognizant where he served as head of consulting for Cognizant Digital Business and Technology across the Asia-Pacific and Middle Eastern markets.

UST has highlighted Mr McCormack’s experience in leading some of the region’s largest digital transformations alongside building diverse teams across APAC to support clients to design, build, and scale meaningful experiences to transform their organisations as critical to the hire.

In particular, it was of note that these efforts have spanned a number of industries, including banking and finance, logistics, education, telecommunications, government, and defence.

 
 

“Matt’s deep knowledge of the Australian and New Zealand markets, along with his ability to align business objectives, technology investments, and customer outcomes, will be the cornerstone of our accelerated growth in the market,” said Krishna Sudheendra, UST chief executive on the appointment.

“His appointment reflects our focus as we rapidly expand our business across the region. UST is helping our clients into faster adoption of digital transformation, which in turn will help them with faster time to market in new product offerings, expand their business, and improve their revenue and margins.”

UST had recently announced that it is hiring over 10,000 new staff globally, with a focus on acquiring expertise in the digital transformation space, alongside proficiencies within cyber security, cloud infrastructure, java, data science and engineering, application development and modernisation, AI/ML and automation (RPA/IPA).

“Matt brings to UST deep expertise in strategy and operations and building a high performing consulting business,” said UST COO Alexander Varghese.

“Matt joins us at a time when we are investing heavily in the ANZ market and bringing our solution capabilities from across the globe to benefit our customers in the region.

“Matt will lead our business expansion, client relationships, talent growth, industry and academia partnerships, brand building, and social impact initiatives in Australia and New Zealand. I look forward to working closely with Matt as we take the business forward.”

Speaking on his appointment, Mr McCormack said he was excited for the new opportunity, emphasising how UST’s values align with his own.

“I see a huge potential for UST to be the market leader in the human-centered digital transformation space in Australia and New Zealand, especially with the breadth and depth of offerings and the global partnership ecosystem UST has built over the past 22 years,” he said.

“For me, joining UST is more than seeing the potential in its people, products, and platforms. It is about the importance of purpose – transforming lives – and how it is embedded in the DNA of the company.

“UST’s focus on positive social impact deeply resonates with me, and offers an ideal environment to incubate and reinvigorate meaningful careers of top-performing talent.”