FIS, the global core banking and payments technology vendor, has added Dr Peter Leukert to its senior leadership team, where he will lead the firm’s strategy and thought leadership initiatives around the transformational needs of banks, such as the need to embrace the mobile channel and harness ‘big data’ analytics.
Dr Peter Leukert was previously employed as the global chief information officer (CIO) at NYSE Euronext, which is of course under threat of a change of ownership with ICE taking it over and due to take on the running of Libor. Prior to that, Dr Leukert was formerly the CIO of Commerzbank. While at the latter firm, Germany’s second largest bank, he was in charge of more than 3,500 employees and for the entire IT estate. He co-led the integration of Dresdner Bank into Commerzbank, which was successfully completed in May 2011 - only 1,000 days after it was first announced during the credit crunch in August 2008, achieving significant annual cost savings.
Dr Leukert has also previously been employed as a partner at McKinsey & Company's Center of Competence for Business Technology in Frankfurt, Germany, with a primary management consultant focus on IT and operations management for financial service providers, capital markets and the public sector.
In 2011, he received the German CIO of the year award sponsored by CIO Magazine and Computerwoche. He has a PhD in financial mathematics from Humboldt Universität zu Berlin and Diplomas in mathematics and physics from Universität Bielefeld in Germany.
CIO Joins FIS to advise on Strategy
In his new role at FIS, Dr Leukert will use his extensive industry expertise to advise the firm on its future technology strategy and also lead the Capco Institute with its consent. This consultancy focuses on incubating provocative debate between academics, regulators and practitioners about the need for financial transformation and producing material to help clients understand and solve large and complex financial services (FS) industry issues, such as how to overcome siloed infrastructures, adopt cross-border payments and messaging standards like ISO 20022 or the FIX Protocol and so forth.
Global financial institutions (FIs) are faced with unprecedented pressures to adapt to new business models, transform business processes and enhance delivery execution in order to improve profitability and competitiveness in a rapidly evolving marketplace, which is why FIS wants Dr Leukert to leads its strategy and thought leadership efforts, involving Capco, across its operations.
“Large global institutions seek expert partners to help them innovate and transform,” explained FIS executive vice president and Capco chief executive, Rob Heyvaert. “Peter’s experience will be a critical differentiator in helping the C-suite of our global clients tackle the complex transformational challenges that they currently face. Peter is clearly able to couple the power of FIS solutions and processing with the deep financial consulting expertise of Capco.”
Dr Leukert has been involved in many projects designed to address the understanding, measurement and management of IT complexity, which FIS sees as one of the critical ways to help organisations strategically reduce costs in future and concentrate on funding innovation instead. Certainly if some of the IT budget can be kept for innovating, rather than just operational ‘keeping the lights on’ or regulatory-driven compliance activities then it would be a benefit to any FI.