Architecture heads at Deutsche Bank and JP Morgan leave months into their jobs
Two major banks have seen the departure of their heads of technology infrastructure within a space of weeks, with both having only been hired a short time ago.
Both men had spent little time in their roles
Deutsche Bank has seen head of group architecture, John Smith, depart to join IHS Markit. Smith arrived at Deutsche from NatWest Markets in March, but is headed out after less than four months.
Once CIO at NatWest, Smith has a wealth of experience in the sector, including time at Barclays, Citigroup, and UBS.
He isn’t the only senior figure to leave Deutsche Bank in recent times as Neal Pawar, group CIO, left in March after eight months.
Over at JP Morgan, departing is a head of architecture, as Gavin Leo-Rhynie resigned last week according to efinancialcareers.
Leo-Rhynie joined JP Morgan in January 2020 after a 25-year career at Goldman Sachs, where he became head of platform technology.
At JP Morgan he joined up with former Goldman colleague Michael Grimaldi, chief information officer for the bank’s corporate and investment divisions.
Efinancialcareers reports Grimaldi as retired, and the exec has since listed himself as an independent advisor on LinkedIn.
His replacement is Eisar Lipkovitz, a former head of engineering at ride sharing app, Lyft.
