Deutsche Bank has appointed JP Rangaswami as its first chief data officer, recruiting the former Dresdner Kleinwort Wasserstein CIO from Salesforce, where he has been 'chief scientist' since 2010.
After six years as global CIO at Dresdner Kleinwort, Rangaswami quit the City in 2006 to take up an equivalent role at BT. At the time, he described the process of trying to convince his investment banking masters of the necessity to move from an analogue to a digital world as akin to trying to push water uphill.
At Deutsche Bank, Rangaswami is entering a new era in financial services where the push for digital innovation strategies is seen as the key to future prosperity. In his new role, he will be charged with standardising the firm's business processes and technologies to support the bank's digital strategy.
Based in London, Rangaswami will report to Kim Hammonds, global chief information officer and global co-head of group technology and operations and Jim Turley, global co-head of GTO.