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JPMorgan Chase Names Former BP Exec Its New CIO
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Greg MacSweeney
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Greg MacSweeney,
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10/9/2013 | 12:06:53 PM
re: JPMorgan Chase Names Former BP Exec Its New CIO
The oil & gas pick is a little unusual, I agree. Big oil companies are also very traditional, like JPM, and have massive amounts of data to contend with (like JPM). Perhaps her data management skills are valuable. It seems that all of the data experts in FS suffer from data management group think. Perhaps, Deasy has some new strategies or insights she can bring to JPM.
Nathan Golia
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Nathan Golia,
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10/8/2013 | 9:26:32 PM
re: JPMorgan Chase Names Former BP Exec Its New CIO
Yeah, but usually those outsiders come from industries like retail or technology Gă÷ not big oil companies. Though I wonder if Deasy's automotive experience was seen as even more valuable Gă÷ the auto industry is dealing with lots of technological disruption as we enter the connected car era.
KBurger
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KBurger,
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10/8/2013 | 4:17:58 PM
re: JPMorgan Chase Names Former BP Exec Its New CIO
I wonder if the goal was to find someone outside of FS, or to find someone who'd managed during a crisis, or none of the above. Clearly they determined they wanted to go outside of the bank to fill the position, which is significant in and of itself. I think it also indicates the high importance of IT to JPM's strategy.
Byurcan
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Byurcan,
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10/8/2013 | 3:24:24 PM
re: JPMorgan Chase Names Former BP Exec Its New CIO
Many people have talked about the trend of banks looking outside the industry to fill the CIO role, this is a prime example.


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