Deutsche Bank snags senior technology hire from Tesco

Image result for Deutsche Bank snags senior technology hire from Tesco

Tesco’s chief digital officer has defected to Deutsche Bank. Thomas Nielsen is joining Deutsche as chief digital officer for its global transaction business, the bread and butter business that keeps cash flowing around the world for the bank’s multinational clients.

“Data and technology are key to innovation, in particular for financial services. The consumer sector has been driving this for many years,” said John Gibbons, Deutsche’s head of global transaction banking.

“Thomas Nielsen’s experience in developing and rolling out digital solutions in the consumer space will be vitally important as we seek to accelerate the delivery of digital products and services for our global corporate and institutional clients.”

Deutsche has traditionally been behind the curve for technology but CEO John Cryan has promised to invest heavily in the area as part of his Strategy 2020 plan to reinvigorate the bank.

Before joining Tesco, Mr Nielsen worked in Silicon Valley and Seattle for firms including Brightcove, RealNetworks, Adobe, and Microsoft.