Deutsche Bank has appointed Vikram Dewan as chief information officer for global transaction banking (GTB), effective March 12.

Dewan will be responsible for overseeing the department’s ongoing digital transformation, focusing both on legacy infrastructure and innovative new platforms and products. He will be part of the GTB technology team and report to Linda McLaughlin-Moore, head of GTB technology and operations.

The role is newly-created and forms part of Deutsche’s strategy to expand its technology capabilities. It comes on the back of the hire of former Tesco technology executive Thomas Nielsen as chief digital officer for GTB in September to help drive the unit’s digitalisation strategy.

Dewan was previously chief information officer of Deutsche’s regulatory technology department, responsible for regulatory reporting, control and surveillance platforms for global markets, including overseeing bank-wide projects to address MiFID II and other regulations.

Before joining Deutsche in January 2016, he spent 10 years at UBS, where he held various senior roles in IT operations within the investment bank.

Commenting on the appointment, John Gibbons, head of GTB, says: “The face of transaction banking is being transformed by data and technology, and we have added significant talent to our team to make sure we remain at the forefront of this movement. Our objective is clear: to embrace new technology, new partnerships and new business models, and bring the benefits to our customers.”