Fred Matteson
Managing Director
Quick facts
Leads A&M’s Corporate Performance Improvement practice for the Western U.S.
30+ years of experience as a senior information technology and business executive in the financial services and insurance industries
Expertise in scaling and reliability initiatives, applications development organizations, e-commerce and web strategies, and IT organizations
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Fred Matteson, a Managing Director with Alvarez & Marsal in San Francisco, leads the Corporate Performance Improvement practice for the Western U.S. He brings more than 30 years of experience as a senior information technology (IT) and business executive in the financial services and insurance industries.

Mr. Matteson has deep expertise in significant scaling and reliability initiatives, managing large applications development organizations, driving e-commerce and web strategies, and building IT organizations funded and measured against business results.

While at A&M, Mr. Matteson advised a private equity firm on carving out a software and services company and guided the new company on IT requirements. He also worked with a major healthcare insurance company to evaluate its IT capabilities and to effectively renegotiate its outsourcing contracts, improving both terms and financial benefits. Mr. Matteson has also advised software companies on product development capabilities and industry marketing strategies.

Previously, Mr. Matteson served as Chief Information Officer (CIO) and a member of the Executive Committee of Fireman's Fund Insurance Company and as North American CIO for its parent, Allianz AG. In these roles, he was responsible for leading an IT organization of over 800 people with a budget of $300 million. He successfully repositioned the organization and implemented strategic sourcing partnerships that significantly improved the performance of technology, and led a multi-year effort to replace legacy claims and underwriting systems. For his efforts, Mr. Matteson was named to the prestigious “CIO 100” list sponsored by CIO Magazine. He was also executive sponsor for the company's reengineering efforts, which ultimately led to operating improvements of more than $100 million per year.

Before joining Fireman's Fund, Mr. Matteson was an Executive Vice President with Charles Schwab & Co., Inc. He was a key member of the management team responsible for transforming financial services through the internet within the technology and business organizations. He led an organization of over 1,600 IT professionals during the rapid growth of internet trading and delivered reliable and scalable applications to support the firm’s growth. He also developed a strategic business architecture and applications roadmap for the global trading and core brokerage systems. In the business organization, he served as General Manager, where he was responsible for the profit and loss (P&L) of a retail customer segment and developed a product and service delivery strategy.

Mr. Matteson previously oversaw worldwide technology operations for Morgan Stanley and held senior technology positions in trading and investment banking with Lehman Brothers, Nomura Securities and First Boston. He began his career as a communications officer in the U.S. Marine Corps.

Mr. Matteson earned a bachelor’s degree in music performance from the University of Arkansas.