From his perch as the CIO of The Bank of New York Mellon, an institution with $1.1 trillion in assets under management and $11.3 billion in revenues, Kurt Woetzel has run a gauntlet, orchestrating a complicated integration of two global institutions, fostering creative thinking in a far-reaching enterprise, and coping with data breaches. But underpinning it all is a commitment to innovation, and a belief that, in his words, "innovative growth ensures survival, that you have to work across silos, and that a diversity of thought, experience and skills is a main catalyst for innovation."
The BNY Mellon is very much a technology company in disguise, according to Woetzel. Nearly every aspect of the company is driven by technology, including the service touch points for clients-which has made the successful integration of Bank of New York and Mellon over the past year absolutely vital. The major initiatives covered by IT within the integration include: application integration, infrastructure organization, organizational structure, moves to growth centers, and bank charter consolidation. A few of the integration projects undertaken by Woetzel's team include the consolidation of data centers in different geographies and optimizing the technical workforce in the Americas, Europe, Asia and Australia to rationalize a proprietary transaction processing system.