Cultural Revolution
Mike Dargan with Business Chief Europe ’ s Romily Broad at UBS ’ s striking London HQ . banking is technology and that the world would move to tech and to the automation of operations , and so it intrigued me . I decided to do it .”
And he hasn ’ t looked back since . After initially inheriting a team of 2,500 and a $ 250mn budget , by the time he left to join UBS three years later he was CIO of corporate and institutional banking with a $ 1bn budget and accountability for staff of 11,000 .
Now , at UBS as Global Head of Technology , he manages a budget of 10 % of the bank ’ s revenues and looks after a tech workforce totalling more than 20,000 . It ’ s a team loaded with talent and spread around the globe , tasked with enabling UBS and its core business areas – wealth management , retail banking , investment banking and asset management - to seize the opportunities of a rapidly digitising world .
Cultural Revolution
“ It was an intense first year , shall we say ,” says Dargan . He says that while he found a committed , talented and stable organisation ,
www . gigabitmagazine . com 59