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Deutsche recruits senior Tesco tech executive to its GTB team

On the Move / 06-09-17

Deutsche Bank has recruited Tesco’s chief digital officer to its global transaction banking (GTB) division.

Thomas Nielsen has taken up the role as Deutsche’s new chief digital officer, in which he will help drive the GTB unit’s digitalisation strategy.

He joins with 25 years of experience working in the fields of technology, operations and digital transformation. At Tesco, the UK’s largest retailer, he was in charge of the corporation’s digital product strategy across a wide portfolio of platforms, websites, and apps, including Clubcard, Tesco’s loyalty programme.

Before joining Tesco in 2014, he held a range of executive positions at Brightcove, RealNetworks, Adobe and Microsoft in the US.

Deutsche Bank’s head of GTB John Gibbons says the hire comes as the bank plans to roll out new digital offerings: “Data and technology are key to innovation, in particular for financial services. The consumer sector has been driving this for many years. Nielsen’s experience in developing and rolling out digital solutions in the consumer space will be vitally important as we seek to accelerate the delivery of digital products and services for our global corporate and institutional clients,” he says.

Commenting on his move, Nielsen says: “Deutsche Bank’s leadership in global transaction banking provides a strong platform and a unique opportunity to leverage technology and digital innovation to deliver a new set of products and solutions to clients around the world. I am excited to be part of this journey and help Deutsche Bank and its clients grow its business via digital channels.”

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