Deutsche Bank may be in a hiring freeze, but that hasn’t stopped it from hiring yet another senior technologist. In its efforts to utilize technology for both cost-cutting and competitive advantage, DB just brought in Chris Barker as chief information officer (CIO) for group information and records management. Baker, who will be in charge of big data, eDiscovery, archiving and records management at Deutsche Bank, most recently was an MD and global head of digital and engineering services for RBS.

In December, DB hired Elly Hardwick as head of innovation and Philip Milne as chief technology officer (CTO) for innovation. It also brought in Nick Riordan from BofAML (as an MD and CTO for the global transaction bank) and Tom Waite from BofAML (as an MD in its electronic trading team).

Deutsche Bank is moving across to fully embracing digital technology and is unravelling its complex technology infrastructure. This means both an investment in technological innovation in the front office, but also using tech to cut costs in everything from compliance to audit. Elsewhere, Deutsche Bank has said that it will continue to cut jobs across its investment bank.