Rafael Otero, who joined German fund manager DWS Group in January to work on the firm’s digital transformation programme, has been appointed to the executive board as the firm’s chief technology & operations officer.
Otero joined DWS in January 2024 and was previously with Deutsche Bank, most recently as chief information technology officer and chief product officer for the corporate bank.
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.
Stefan Hoops, CEO and chairman of the executive board of DWS, said: “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. 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.”
Before joining Deutsche Bank, Otero co-founded a number of companies, including Payleven, a mobile payments company. Earlier in his career, Otero worked for several large global organisations in technology roles.
