SAP AG (Walldorf, Germany) has appointed Dominic (Don) Trotta senior vice president and global head of Financial Services for SAP AG. Trotta is responsible for product strategy, development and overall market positioning activities for SAP in the banking and insurance industries globally, reporting to Bob Stutz, corporate officer of SAP Group, member of the Executive Council and executive vice president of Industry Solutions, SAP. With responsibility for SAP's financial services industry solutions globally, Trotta will be based in both New York and SAP headquarters in Walldorf, Germany.

Trotta has more than 25 years of experience in the financial services sector, holding positions such as chief technology officer and chief information officer at top-tier global financial institutions including Barclays, Citigroup, Chase Manhattan and American Express. Trotta also has served on numerous financial services and CIO advisory boards for major industry organizations, such as HP, Accenture, Unisys, NCR/Teradata, The Research Board, MasterCard and Visa.

"With his deep, firsthand knowledge of large-scale business and technology demands in the industry globally, Don will greatly strengthen SAP's capability to deliver on our strategic commitment to our banking and insurance customers around the world," said Stutz in a press release. "Having his kind of industry leadership within SAP will enable us to accelerate the already substantial momentum we have built to date and help take us to the next level in the financial services industries."