UBS has hired former Oliver Wyman consultant Mike Dargan as its head of Information Technology. UBS pinches Dargan from his recent appointment as CIO of Corporate and Institutional Banking at Standard Chartered Bank.
Mike Dargan previously worked at Standard Chartered Bank, which he joined at the end of 2009. He started out as a Managing Director and head of the bank’s Strategy Global Markets, following which, in 2013, he became the bank’s Chief Information Officer (CIO) for its Financial Markets division. Nine months later, Dargan took on the role of Global Head, Financial Markets, Wealth Management, Private Banking and GTO Engineering at the bank, before (late last year) rising to role of CIO of Corporate and Institutional Banking (CIB). Prior to that, from 2005, Dargan was a Managing Director and the Head of Corporate Strategy and M&A for the EMEA and Pacific Rim region at Merrill Lynch. Dargan started his career at Oliver Wyman, where, over a period of almost six years, he became the head of the firm’s Corporate & Institutional Banking service line for the Asia-Pacific Region, based in the firm's Singapore office.
Dargan holds a Master of Arts in Philosophy, Politics and Economics from the University of Oxford.
After more than ten years in corporate banking, and less than a year into his previous high-ranking role at Standard Chartered Bank, Mike Dargan has been picked off by Swiss banking giant UBS to serve as its new head of Information Technology. The former Oliver Wyman consultant will, according to reports from Reuters, begin at the bank this month, replacing Oliver Bussmann, who left in April following a recent shakeup in UBS’ ranks.
Switzerland-based UBS is yet to make an official comment regarding the succession of the CIO role.