DWS Group reported today on a change to its management team. Rafael Otero will join the DWS Executive Board as Chief Technology & Operations Officer, effective October 1. He will take over some of the responsibilities of Chief Financial Officer Markus Kobler, who has been responsible for the Chief Operating Office on the Executive Board on an interim basis. Otero had already joined DWS in January 2024 and had initially focused fully on the ongoing IT transformation.
“Rafael is an experienced IT professional who has played a crucial role in helping us successfully navigate a critical phase in our IT transformation over the past few months,” said Stefan Hoops, CEO and Chairman of the Executive Board of DWS. “The next step is to develop our IT services into a key strategic area. With his experience in building and managing successful fintech companies, Rafael is ideally suited to continuously improve our technology platform, expand our data and analytics capabilities, and further develop our digital strategy.”
Mr. Otero has been with DWS since January 2024. Prior to that, he worked for Deutsche Bank, where he most recently served as Chief Information Technology Officer and Chief Product Officer for the Corporate Bank, where he aligned product, operations and technology as part of the agile transformation of the division. Before joining Deutsche Bank, Otero co-founded numerous successful companies, including Payleven, a mobile payments company. Earlier in his career, Otero worked for several large global organizations in technology roles.
Source