Adding more staff to its technology centres in India, Russia, Romania and the US.
Media outlets have reported that Deutsche Bank has would hire over 1,000 people in India including 300 engineering graduates of various disciplines from 30 different campuses of NITs and IITs and are expected to come on board in July. Another 2000 technology staff will be needed in its offices across Russia, Romania and the US.
The Hindu Business Line noted recently streamlined its global technology development landscape (which contained over 20 big, small and fragmented tech talent groups in over 60 countries) to ramp up focus through key tech locations such as Pune, Bengaluru, Moscow, St. Petersburg, Bucharest and Cary.
Its CEO Christian Sewing said the had invested €13-billion digital transformation journey between 2019 and 2022, the bank is currently in the process of replacing its legacy IT systems with modern processes.
Dilipkumar Khandelwal, Global Chief Information Officer for Corporate Functions and Global Head of Technology Centres at Deutsche Bank told BusinessLine Deutsche Bank said modernisation will mean the bank increasingly develop standard applications that can be used across the bank, not just in one business. We are also working to harmonise our data into a ‘single source of truth’ across the bank,” he said.
The Bank was also setting up a “new and more powerful global pricing engine” in the city-state will help the bank save vital fractions of seconds from the time it takes to execute orders in the region, Khandelwal added.
Khandelwal joined Deutsche Bank in 2019 as managing director and head of technology centres, based in Pune.
At the time he was brought on to oversee the development of the bank‘s Technology Centres globally to create one, consistent strategy while continuing to work with their businesses on developing technology to improve the client experience.
He would also become head of technology, data, and innovation for APAC and CIO for human resources, legal and communications. Previously Khandelwal worked at SAP where he led large scale transformation to accelerate customers to the cloud.
