Deutsche Bank announced on Monday it is strengthening its fintech and innovation presence by appointing Elly Hardwick as Head of Innovation and Philip Milne as CTO for Innovation. According to Deutsche Bank, Hardwick will work closely with fintechs and the bank’s business divisions to drive the adoption of new technology solutions, while Milne will act as an interface between the Deutsche Bank Labs and the bank’s wider technology organization.
Hardwick is known as a fintech entrepreneur and is former CEO of Credit Benchmark. She was previously Global Head of Strategy, Investment, and Advisory at Thomson Reuters. Before that, she worked for Morgan Stanley. Milne has reportedly worked in both the financial and technology sectors in London and California. Recently, he was CEO and Founder of a virtual reality start-up in Silicon Valley.
Speaking about the appointments, Kim Hammonds, Member of the Management Board for Deutsche Bank and Group Chief Operating Officer, stated:
“Close collaboration with the innovation community is a priority for Deutsche Bank. These appointments will help London accelerate the adoption of emerging technologies to enhance our service to clients and internal processes.”
Deutsche Bank notably provides commercial and investment banking, retail banking, transaction banking and asset and wealth management products and services to corporations, governments, institutional investors, small and medium-sized businesses, and private individuals.