Neal Pawar has been appointed as the Group Chief Information Officer of Deutsche Bank and will be based in New York and will also be joining the Group Management Committee, the company said in a statement.
He will report to Bernd Leukert and will start his new role at the bank in the month of September. Earlier to this, Pawar was working as a Principal and Chief Technology Officer at AQR Capital. Prior to AQR, he has worked with UBS Wealth Management based in Zurich as a managing director and chief information officer.
“In our recent strategy update, we identified technology as a cornerstone for success. Someone of Neal’s caliber and experience deciding to join Deutsche Bank further strengthens our capabilities as we modernise and simplify our technology for the benefit of our clients. Having announced Bernd Leukert as our future management board member responsible for technology, data, and innovation, Neal represents another key hire who will complement the experts we have at the bank,” said Frank Kuhnke, Group Chief Operating Officer.
Pawar will succeed, AI Tarasuik, who will now handle a new role as a senior strategic advisor to Leukart.
“I would like to thank Al for his strong personal and expert leadership in defining and executing our technology journey,” Kuhnke said.
“He has revamped our Information Security framework and has been vital in implementing our cloud and data center strategy. We look forward to benefitting from his expertise in his new role of senior strategic advisor,” Kuhnke added.