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Rangaswami Leaves Dresdner Kleinwort

last updated: 4 October 2006
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Dresdner Kleinwort CIO JP Rangaswami has quit the investment bank to take the role of CIO of global services at BT.
Rangaswami announced the move on his blog. "After nearly ten years at Dresdner Kleinwort, I shall be leaving the bank," he writes. "It's been a wonderful time: I've had the opportunity to work with many truly talented people, been given the freedom to experiment with real innovation in technology and its application, experienced being part of a close and resilient culture over a decade of tumult and change. But now it's time to move on."

During his 10 years at Dresdner Rangaswami oversaw the launch of the digital markets division, responsible for developing and operating the electronic and web-based trading, execution and analytical services.

The announcement of JP's move comes hot on the heels of reports that the bank has disbanded the digital markets division as part of a review and overhaul ordered by new capital markets head Jens Peter Neumann.

Sean Park, who ran digital markets, is also rumoured to be leaving the bank.

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