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Amidst the soaring global inflation rate, technology companies have been battling to cut down costs, freezing new hires and laying off staff. Despite the ongoing downturn, the financial industry has seen some notable C-suite level hires. In this week’s fintech moves, we take a look at some of the notable hires and a promotion below.
Von der Heydt
Ümit Kuşdoğan continues his ascension at German private bank, von der Heydt. After nearly a year as the bank’s chief information security officer (CISO), Kuşdoğan has had a title change to CTO.
The promotion marks his first role as a CTO in his career, which until now has largely revolved around security.
Prior to von der Heydt, Kuşdoğan was a principal security advisor at Amazon Web Services (AWS), supporting EMEA enterprise customers in securely migrating their services to the AWS cloud. In his twenty-plus-year career, he has worked as an information security officer for the likes of Audi Business Innovation and Munich Re Group and picked up managing director and head of IT roles along the way.
Danish payments company Inpay secured a new chief product officer in technology veteran Mads Bomann Larsen.
Larsen joins the company after nine years in Danish financial services company, Nets Group, where he was the CTO for the Issuer & eSecurity Services division, for the past three years. Within Nets Group, Larsen has also held the CTO position for its financial network services as well as the SVP roles for the company’s business intelligence & SAP division.
Before his tenure at Nets, Larsen spent more than 7 years at Danish IT vendor, Bankernes EBD Central, where he worked his way up from BI manager to become VP of architecture and technology from 2010 until 2013.
Leonard Green & Partners
Private equity firm Leonard Green & Partner hired Kelly Breitenbecher as chief portfolio technology officer from IT consulting company, Evolve Information Solutions, where she had been the chief experience officer since October last year.
Aside from her 11-month stint at Evolve, Breitenbecher was also an advisory board member at BNPL payments provider, Sezzle, as well as Bricz, a US supply chain solutions specialist.
Breitenbecher has experience in leading digital and IT strategies for start-ups. She was the SVP CIO and Digital at Love’s Furniture, and the SVP of Business Transformation at Art Van Furniture.
Royal Bank of Canada
Former EVP & CIO of Commercial Bank, Payments and Salesforce Services at Citizens Bank, Frédéric Chanfrau, has joined Royal Bank of Canada as managing director, head of technology US Cash Management.
Chanfrau joins the US branch of the Canadian bank after 8 years with Citizens, where he oversaw all IT services for the firm’s commercial bank and shared services.
Before Citizens, Chanfrau spent more than 10 years at Schneider Electric, where he progressed from chief information officer to senior vice president, CIO during that time.
The A-Z of financial technology solutions