People Moves

Lender Creates Senior Role To Drive Digitisation Efforts

Josh O'Neill, Assistant Editor, 7 March 2017

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Boillat's appointment comes as Deutsche Bank plans a strategic overhaul that includes raising more than $8 billion of capital, partially listing its asset management arm and revamping parts of its business model in a bid to recover from legacy issues and billion-dollar dents in its balance sheet.

Deutsche Bank, which is planning a major overhaul of its business model, has appointed Pascal Boillat as group chief information officer to spearhead its technology agenda.

Boillat will take on the newly-created role with immediate effect. Germany's largest lender says his appointment is a “pivotal step” towards the bank's goal of becoming a technology-driven company.

In his new role, he will be responsible for defining Deutsche Bank's technology strategy and enhancing its standardisation and digital capabilities. To accomplish this, Boillat will work with the bank's business divisions to modernise its IT infrastructure to reduce complexity and risk while enabling business growth. Additionally, he will lead the firm's global technology development centres. 

Boillat will continue to report to Kim Hammonds, group chief operating officer. He will also serve on the COO executive committee.

Boillat joined the Frankfurt-headquartered group last year as chief information officer and head of operations for its corporate and investment bank. 

Prior to joining Deutsche Bank, he was head of operations and technology for US secondary mortgage market firm Fannie Mae. Earlier in his career, he also spent a stint with Citigroup, where he was responsible for managing and delivering technology solutions for the institutional, retail and prime brokerage operations.

“Pascal’s technical expertise and experience of leading global technology and operational transformation programmes will help us continue to engineer a better bank and accelerate the overhaul of our IT systems,” said Hammonds.

Boillat's appointment comes as Deutsche Bank plans a strategic overhaul that includes raising more than $8 billion of capital, partially listing its asset management arm and revamping parts of its business model in a bid to recover from legacy issues and billion-dollar dents in its balance sheet.

To read the full details of Deutsche Bank's revamp, click here.

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