Deutsche Bank appoints two executives to foster fintech developments

Deutsche Bank announced two new appointments of executives who will foster the development of fintech products and strengthen the bank’s innovation team.

Elly Hardwick will become the bank’s Head of Innovation and Philip Milne has been appointed as Chief Technology Officer (CTO) for Innovation. Hardwick will work closely with fintech firms and the business divisions of the bank in order to drive the adoption of new technology solutions. She will be joining in early December and will lead Deutsche Bank’s innovation activities and manage Labs globally, the release stated.

She had been a fintech entrepreneur and former CEO of Credit Benchmark, an independent source of consensus credit risk information. She also worked with Thomson Reuters as Global Head of Strategy, Investment, and Advisory.

“Close collaboration with the innovation community is a priority for Deutsche Bank. These appointments will help accelerate the adoption of emerging technologies to enhance our service to clients and internal processes,” Kim Hammonds, Member of the Management Board for Deutsche Bank and Group Chief Operating Officer said.

On the other hand, Milne will act as an interface between the Deutsche Bank Labs and the bank’s wider technology organization. He has worked in the fintech sector and recently chaired as CEO and founder of a virtual reality start-up in Silicon Valley. He was a member of the founding teams that created the Android platform at Google and the Java platform at Sun Microsystems.

Both will be reporting to JP Rangaswami, Chief Data Officer, Head of Strategy and Innovation for the Chief Operating Office.