Changes within the financial landscape that demand digital solutions are seeing large financial institutions turn to attracting transformation and technology talent. Credit Suisse is a recent example, picking up ex-Deloitte Partner and head of the firm’s Capital Markets Technology Practice, Simon Tasker.
Banks and large financial institutions are coming under increased pressure from incumbents, technology giants and FinTech startups that offer engaging digitally based propositions to attract and retain clients. To stay at the forefront of digital changes within the market, offering reduced costs through, for instance, automation, as well as improved customer experiences, demand for talented and experienced digital transformations managers, to re-shape their capital market functions, has picked up.
One such specialist in the area of technology and transformation within the banking industry is Simon Tasker, whose most recent role was Partner at Deloitte UK and head of the firm’s Capital Markets Technology Practice. In the role, he was responsible for advising on and executing large scale technology transformation programmes for, among others, Tier 1 investment banks. Tasker’s has considerable previous experience within the banking industry that includes the roles of Managing Director and Global Head of the Integration, Transformation and Change Management units at the Royal Bank of Scotland. In this capacity, he was tasked with the integration of RBS Global Banking & Markets and ABN Amro Wholesale Markets, one of the largest in financial services history. Earlier roles include Managing Director and Global Head of Application Development at Barclays Capital as well as Programme Manager of HSBC’s Capital Adequacy Programme.
Credit Suisse recently announced that Tasker has been picked up by the bank and joins as a Managing Director. The addition of Tasker is likely to herald changes at the Swiss bank, as it seeks to transform its fixed income business, whilst increasing focus on wealth management.
Credit Suisse’s move to add strong technology leadership to its ranks is in line with changes within the wider industry. Deutsche Bank for instance, recently hired Stuart Bevan, who was the former head of capital markets technology at Citi. Beven joined the German bank as the lead of its Cash Equities Technology division.