Deutsche Bank hired a senior Tesco Clubcard exec to revamp its transactions unit

LONDON — Deutsche Bank hired Thomas Nielsen, formerly chief digital officer at Tesco, to oversee the bank’s digital overhaul of its global transaction banking unit.

“Data and technology are key to innovation, in particular for financial services. The consumer sector has been driving this for many years,” Deutsche Bank’s John Gibbons, head of global transaction banking, said in a statement.

“Thomas Nielsen’s experience in developing and rolling out digital solutions in the consumer space will be vitally important as we seek to accelerate the delivery of digital products and services for our global corporate and institutional clients,” he said.

Nielsen started at Tesco in 2014, and was responsible for the Tesco Clubcard and automated marketing system according to his LinkedIn profile. Before moving to Tesco, Nielsen spent more than 20 years in the US, predominantly in Silicon Valley and Seattle where he held executive positions at Brightcove, RealNetworks, Adobe, and Microsoft.

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