Deutsche Bank steals RBS’ Marcar, ramps up US presence
Scott Marcar will head up Deutsche Bank’s IT infrastructure
Deutsche Bank has poached Scott Marcar, previously at RBS, to head up its IT infrastructure as the bank prepares to ramp up competition against its rivals.
Marcar joins Deutsche Bank after seven years at RBS, where he was CIO of corporate and institutional banking. He has also worked for JP Morgan Chase. In his new role, he will be based in London and will be responsible for modernizing the bank’s infrastructure.
The decision comes as Deutsche Bank set out plans to hire 500 employees in the US as part of a group of 1,300 people who will be focusing on the bank’s systems and controls. As part of that plan, Richard Shannon will join in October as Americas CIO, supporting the bank’s compliance and regulatory technology initiatives. Shannon will also hold the role of co-head of GTO Americas along with Scott Simon, who is currently regional head of GTO Americas.
Shannon joins Deutsche Bank after 20 years with Goldman Sachs, where he most recently held the position of global head of web platforms technology. He will be based in New York.
“Over the next year, our local management team will be very focused on building our capabilities across all critical infrastructure areas to best support our growing US franchise,” said Jacques Brand, Chief Executive Officer, Deutsche Bank North America. “Richard’s appointment comes at an important time and I am confident he will complement our existing leadership team.”
Both Shannon and Marcar will report to Kim Hammonds, global CIO and global co-head of GTO, who was appointed earlier this year.
“Richard and Scott are strong technology leaders who will add to our deep bench of technical expertise,” Hammonds said. “Their skills and experience will prove invaluable as the Bank continues to enhance its IT platform while strengthening controls.”
The appointments follow the recent hire of Michael Grimaldi, who joined as CIO of corporate banking and securities and global transaction banking business divisions in September.
