Go back to the shortlist

Chief Technology/Chief Operating Officer of the Year

Richard Brown - Chief Technology Officer, R3 CEV

Brown heads the technology team at R3, the startup that runs a blockchain consortium of more than 50 of the world’s largest banks. Set up a year ago, R3 seeks to help financial institutions develop commercial applications based on distributed ledger technology. Based out of London, Brown leads the developers that in April unveiled Corda, a distributed ledger platform designed to manage financial transactions between regulated financial institutions. As part of his role, Brown leads discussions among technologists at R3’s member banks on issues surrounding blockchain. The startup has been conducting pilots with its members using blockchain. Most recently 15 of the group’s banks – including Barclays, BBVA, BNP Paribas, Wells Fargo and UBS – were involved in trials that processed invoice financing and letter of credit transactions through Corda.

Kim Hammonds - Group Chief Operating Officer, Deutsche Bank

The former Boeing chief information officer joined Deutsche Bank in 2013 as CIO, and was two years later promoted to group COO. In this role she oversees the bank’s technology overhaul, which has included decommissioning around 1,400 servers and over 300 applications as part of her strategy to modernise and simplify the group’s IT. Hammonds this year hired a new technology team and helped streamline the group’s procurement process, saving more than €100 million. Hammonds plays a crucial role in helping Deutsche Bank stay on top of technology innovation and engage with the startup community. It has set up innovation labs in Berlin, London and Silicon Valley where it works and collaborates with fintech startups. Under Hammond’s watch, Deutsche Bank’s mobile applications have achieved 2.44 million downloads.

David Howson - Chief Operating Officer, Bats Europe

Howson’s team runs technology, infrastructure, software engineering and operations at Europe’s largest equities exchange by market share. Over the past year, Howson and his team helped build the Periodic Auctions order book technology, and played a critical part of the exchange’s plans to facilitate block trading in Europe through its new platform Bat LIS. The venue, which is set to launch this year, comes in response to new Mifid II rules that will limit the amount of trading conducted on dark pools. As well as working on the group’s core equities business, Howson and his team support the company’s foreign exchange product Hotspot in London.

John Lee - Chief Technology Officer, London Metal Exchange

This year has been a pivotal one for LME chief technology officer John Lee, starting with the exchange’s relocation to 10 Finsbury Square. Lee played an instrumental role in the building and testing of ring-based technology worth over $1 million to consolidate the exchange’s three trading venues, and provide a more integrated service to members. Lee and his team also managed the migration to the LME’s new disaster recovery data centre while driving through a technology refresh programme. The success of this has been highlighted as the LME continues to work in business continuity mode since mid-July with no disruption to trading, clearing or to the metals market. Lee and his team continue to invest in IT security and work closely with regulators to ensure the exchange’s systems will comply with Mifid II. All of this comes after the insourcing of 100 IT staff in which Lee aligned the corporate cultures of the previous team with that of the LME.

Damian Sutcliffe - Head of Technology EMEA, Goldman Sachs

Sutcliffe heads the technology team at Goldman Sachs in Emea, a role that includes overseeing the systems and controls set up to mitigate the risks of cyberattacks. With around 9,000 engineers in its technology division globally, the bank has been focusing on automating many of its processes to reduce operational risk and make room for innovation. Sutcliffe – who serves on Goldman Sachs’ technology executive leadership group – also leads the company’s global regulatory architecture and controls group. On top of that he is responsible for creating a central data governance office that will be responsible for defining data governance policies and standards. Sutcliffe is also spearheading efforts to attract the next generation of tech talent into the firm, this year leading the launch of the degree apprenticeship programme in London.