Newton Investment Management and Standard Chartered also have People Moves news.
Deutsche Bank Taps Two to Lead Innovation Efforts
Deutsche Bank reports that Elly Hardwick has been named head of innovation and Philip Milne has been named chief technology officer (CTO) for innovation.
Hardwick, who joined the bank in early December, will lead the bank’s innovation activities and manage the Deutsche Bank Labs globally, the bank says in a statement, which notes that she will “work closely with fintechs and the bank’s business divisions to drive the adoption of new technology solutions.”
Milne, who joined Deutsche Bank in early November, will act as an interface between the Deutsche Bank Labs and the bank’s wider technology organization, according to the statement.
A fintech entrepreneur and former CEO of Credit Benchmark, Hardwick was previously global head of strategy, investment and advisory at Thomson Reuters, Deutsche Bank says, noting that, prior to Thomson Reuters, she worked for Morgan Stanley.
Milne has “worked extensively in both the financial and technology sectors in London and California, most recently as CEO and founder of a virtual reality startup in Silicon Valley,” according to the statement, which also notes that he was a “member of the founding teams that created the Android platform at Google and the Java platform at Sun Microsystems. Earlier in his career, he served as the Global CTO at Dresdner Kleinwort.”
Hardwick will be based in London and Milne in Palo Alto. Both will report to JP Rangaswami, chief data officer, head of strategy and innovation for the chief operating office.
Newton Investment Management Appoints Non-Exec Chair
London-based Newton Investment Management, a Bank of New York Mellon Corp. (BNY Mellon) subsidiary, reports the appointment of Susan Noble as the new non-executive chair of Newton Investment Management Ltd. and Newton Investment Management (North America) Ltd. The appointment is effective at the new year.
Currently, Noble is an independent non-executive director of Newton IM, according to a statement, which notes that she has “more than two decades of experience as an investment management professional, including key roles at Robert Fleming Asset Management and Goldman Sachs Asset Management. She is currently non-executive director of British Empire Trust plc and is the Chairman of ATI (Alliance Trust Investments), which is a wholly owned subsidiary of Alliance Trust plc.”
Helena Morrissey will continue as Newton’s non-executive director and chair until the end of 2016.
As of September 30, 2016, BNY Mellon had $30.5 trillion in assets under custody and/or administration, and $1.7 trillion in assets under management, the bank reports.
Standard Chartered Regional CEO Resigns
Standard Chartered reports the resignation of Ajay Kanwal, its regional CEO, ASEAN and South Asia (ASA), effective immediately.
Anna Marrs, who joined the bank in 2012, will assume the post of ASA regional CEO, subject to regulatory approval. In addition, Marrs will maintain her existing position as CEO, commercial and private banking, according to a Standard Chartered statement, which notes also that she was formerly Standard Chartered’s group head of strategy and corporate development.
She will continue to be based in Singapore.
Kanwal, a 24-year veteran at the bank, cited “historical personal investments in businesses outside the Bank [that] did not meet … very high [internal] standards” as a motivation for his resignation.
“Though I do not own these investments anymore, as a senior leader my actions should be beyond reproach,” Kanwal says in a statement. “Hence with regret I have decided to tender my resignation.”
Standard Chartered PLC, which tallies appoximately 84,000 employees, points out that it is “listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.”
Need a Reprint?