The 2014 Tech 50: David Gledhill

< The 2014 Tech 50: Moving Out of the Lab and Into the Cloud

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David Gledhill
Head of Group Technology and Operations
DBS Bank
Last year: 45

DBS used to be spelled out as Development Bank of Singapore. Digital Bank of Singapore might be more apt these days. “In the past 12 months, we have been focusing on innovating to shape the future of banking,” says David Gledhill, head of group technology and operations. “We need to truly understand what our customers need and want.” For starters, DBS formed a digital banking organization and earmarked 200 million Singapore dollars ($160 million) over three years to “better integrate banking into our customers’ lifestyle.” This high-tech thrust, designed to “up the ante on innovation,” is “aligned across the businesses as well as support units of the bank,” explains Gledhill, 52, who joined S$402 billion-in-assets DBS in 2008 after heading Asian investment banking operations for JPMorgan Chase & Co. In April, DBS hired MasterCard Labs vice president Neal Cross as chief innovation officer to accelerate what Gledhill terms “mapping digital engagement.” Related moves this year include working with IBM Corp.’s Watson technology to develop big-data analytics, and formation of a joint R&D lab with the A*STAR Institute for Infocomm Research. “We are seeing competition from the likes of Alibaba, Baidu, Google, PayPal and telcos,” Gledhill says. “The rules of the game are changing.”

The 2014 Tech 50

1 Dave Cross	1	3 IAN CURCIO 2011	4 FayFoto/Boston	5 Teri Pengilley
Thomas Secunda Bloomberg	Jeffrey Sprecher Intercontinental Exchange	Catherine Bessant Bank of America Corp.	Stephen Neff Fidelity Investments	Lance Uggla Markit
6	7	8 Photographer:Charlie Simokaitis	9	10 Mark McQueen
Robert Goldstein BlackRock	David Craig Thomson Reuters	Phupinder Gill CME Group	Anna Ewing NASDAQ OMX Group	R. Martin Chavez Goldman Sachs Group
11	12	13	14	15 Christopher Elston
Deborah Hopkins Citi Ventures	Dan Mathisson Credit Suisse	Daniel Coleman KCG Holdings	Michael Spencer ICAP	Michael Bodson Depository Trust & Clearing Corp.
16	17	18 Todd Plitt	19	20
Joe Ratterman BATS Global Markets	Dominique Cerutti Euronext	Ron Levi GFI Group	Gaurav Suri D.E. Shaw Group	Charles Li Hong Kong Exchanges and Clearing
21 Larry Lettera/ Camera 1	22	23	24 XT	25
Lou Eccleston S&P Capital IQ	Lee Olesky Tradeweb Markets	Richard McVey MarketAxess Holdings	Seth Merrin Liquidnet Holdings	Antoine Shagoury London Stock Exchange Group
26 Production	27 Wayne R. Martin	28	29 Thorsten Jansen	30 Adam B. Auel
Christopher Perretta State Street Corp.	Kevin Rhein Wells Fargo & Co.	Peter Carr Morgan Stanley	Hauke Stars Deutsche Börse	Robert Alexander Capital One Financial Corp.
31	32	33 Paul Elledge	34	35 Stephen Brashear
David Gershon SuperDerivatives	Chris Corrado MSCI	Joseph Squeri Citadel	Tanuja Randery BT Global Services	John Bates Software AG
36	37	38	39 Photo Credit: Kevin Irby	40
Gary Scholten Principal Financial Group	David Gledhill DBS Bank	Simon Garland Kx Systems	Cristóbal Conde FinTech Innovation Lab	Jeff Parker EidoSearch
41	42 Jeff Smith Photo	43	44	45
Kim Fournais & Lars Seier Christensen Saxo Bank	Kenneth Marlin Marlin & Associates	Tyler Kim MaplesFS	Jim McGuire Charles Schwab Corp.	Jim Minnick eVestment
46	47	48 tomohisa ichiki	49 David Poultney	50 A.E. Fletcher Photography
Steven O’Hanlon Numerix	Sebastián Ceria Axioma	Yasuki Okai Nomura Research Institute	Niki Beattie Market Structure Partners	Mas Nakachi OpenGamma