Sean P. Kelley, the longtime CIO at Deutsche Bank and an advocate for cloud computing adoption in the capital markets, is leaving the firm. His current position, chief information officer and managing director of the Platform Services Group, will not be replaced, according to a Deutsche Bank spokesperson.
At Deutsche Bank, Kelley was actively working to shift the bank to more of a cloud-based technology architecture, according to an interview with Wall Street & Technology in March 2011. "Capital markets firms got into cloud from a cost perspective," Kelley said during the March 2011 interview. "But we are finding that there is an agility upside of having resources available at a moment's notice. This is very powerful. It is going to be cheaper, yes, but ultimately cloud will provide a competitive advantage with scale and agility, once the security and compliance concerns are addressed."
Currently, the ECLC is taking nominations for a new chairperson. The new chairperson will be announced shortly, says Matthew Edwards, spokesperson for the ECLC. "We are in the process of voting on a new chair for the ECLC," Edwards says. "We will miss Sean. He was certainly a great advocate for cloud computing and the ECLC."
Kelley was a Wall Street & Technology 2007 Gold Book Honoree. Prior to holding his most recent position at Deutsche Bank, Kelley was the CIO and managing director at Deutsche Asset Management. He also previously held CIO roles at Merrill Lynch Asset Management and Morgan Stanley Asset Management. Kelley previously held the CTO title at Merrill Lynch Asset Managers as well.
At press time, Kelley was not available for comment. Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio