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While
one generally thinks of banks as financial institutions,
mostly handling monies, few people outside the banking
sector (and many inside the sector as well) fail to
realise how banks are no longer just banks, but huge
technology shops as well. It will not be amiss to say
that the success of large international banks is heavily
dependent on their technology deployment and the Chief
Information Officer is, quite frequently, very close
to the senior management of the firm.
An economics graduate
of St Xavier's College, University of Calcutta, JP
Rangaswami moved on to become a financial journalist,
editing Indian Finance, a weekly journal, published
from Calcutta. Before joining DrKW, he has had stints
at Burroughs Corporation (now Unisys), Data General
(now EMC) and Cap Gemini. He has shown entrepreneurial
skills by managing DrKW spin-offs, managed firm-wide
transformation IT projects, and has given much back
to society (and to India) through being a charter
member of TiE, the early-stage networking and mentoring
group.
A person holding strong opinions about Information
Technology and its application within Investment Banking,
Rangaswami is a highly visible figure in the financial
IT arena. Frequently speaking at conferences and industry
forums, he bangs the drum for innovative technologies,
something which has fallen out of favour in the past
few years. Open Source, Blogging, and Web Services
- they all ripple out from him. Not that he is simply
a visionary; he brilliantly managed the downturn of
the past few years, making DrKW a lean mean machine,
well positioned to handle the vagaries of 2005.
For anybody wanting to
know how Financial Information Technology will evolve
and be implemented in 2005, JP Rangaswami is the man
to watch.
Reprinted with the kind permission of the Hindustan
Times
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Ariadne
Capital Journal - Through the Maze Volume
5, Edition 1
