4 ms·
I think you’re correct - I worked there for about 5 years in the infrastructure engineering department. We had very rigorous processes around the underlying pl
by bennyelv 3y ago
I think you’re correct - I worked there for about 5 years in the infrastructure engineering department. We had very rigorous processes around the underlying platform and keeping the operating systems and hardware up to date.
They’re talking about the “banking” operating systems.
Also note that Deutsche Bank (like many global financial institutions) is not really a single company, but more like 10 different companies all operating under one umbrella.
It’s all very well pointing at a company like Goldman and saying “look, they do IT well” when they don’t have the same range of commercial and consumer businesses as part of their company. If you’re just an investment bank, life is a bit simpler.
On a more general note I feel like in our industry there’s a tendency towards “perfection worship” where people think there’s some kind of immortal “perfect solution” that a company needs and anything less than that is terrible and must be chastised.
This is egoistical and forgets that IT and computing exists to enable companies and not the other way round. The world does not do computing for computing’s sake. Company change can be almost constant, changing systems to keep up is hard and expensive, being able to live with imperfection is critical to commercial success.
- smcin 3y ago> [DB is] more like 10 different companies all operating under one umbrella. A standard part of an acquisition is integrating and migrating IT over a defined time period, so you don't keep accruing and perpetuating technical debt. Who were the CIOs at DB?
- bennyelv 3y agoAgreed - but only where it makes commercial sense to, and each of the layers of the company's IT platform may end up with different plans for integration and end goals for it. You probably don't want 10 different desktop hardware providers and IT support systems, but it might be a bad idea to try and unify the trading systems for slightly different looking business units unless there's some competitive advantage to be had by doing it. There wasn't a CIO at Deutsche when I was there, it all fell under the remit of the COO who was this guy: https://en.wikipedia.org/wiki/Hermann-Josef_Lamberti https://en.wikipedia.org/wiki/Hermann-Josef_Lamberti
- lpfnrobin 3y agoPascal Boillat - as CIO (Information Officer - not Investment officer ;) )