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Metis Strategy President Peter High Featured in Bloomberg.com article Cryan’s Shakeup at Deutsche Bank Sees Tech Restart

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Bloomberg.com discusses how Deutsche Bank AG is working to mesh and upgrade computer systems after a major acquisition

Edward Robinson and Nicholas Comfort

12-20-2015

Excerpt from the Article:

…Hammonds, who joined as chief information officer in November 2013, is surrounding herself with technology veterans. Last week, the bank announced that Pascal Boillat, the head of operations and technology at Fannie Mae, will join as CIO of the corporate and investment bank. In 2014, Hammonds hired Richard Shannon and Michael Grimaldi, both IT veterans who helped develop the risk management platform at Goldman Sachs Group Inc.

The 48-year-old Hammonds, a University of Michigan graduate who also worked at Ford Co. and Dell Inc., will assume the role of chief operating officer next month and join the management board during 2016. She declined to comment for this article.

“Kim is a newcomer to financial services, but that means she can ask questions those on the inside might not think of,” says Peter High, the president of Metis Strategy LLC, a management consulting firm in Chevy Chase, Maryland, that focuses on the role of CIOs.

She plans to reduce the bank’s 45 operating systems to four, replace scores of outdated computers, and, in what may be the boldest move, shift thousands of applications and functions from the bank’s mainframes to cloud computing services managed by Palo Alto, California-based Hewlett Packard Enterprise Co. The firms signed a 10-year, multi-billion dollar contract.

To read the remainder of the article, please visit Bloomberg.com