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Article: The Bank of New York Creates Office of Innovation; Office Headed by CIO Kurt Woetzel Will Drive Product Innovation Across Global Markets.
- Article from:
- Business Wire
- Article date:
- June 7, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- The Bank of New York Company, Inc., is creating an Office of Innovation to accelerate the pace of product innovation across its securities servicing businesses. The office will be headed by the Company's Chief Information Officer, Kurt Woetzel, who has been promoted to senior executive vice president and continues to report to Vice Chairman Donald R. Monks.
The Office of Innovation will direct resources in support of accelerating new product development and the successful commercialization of those products and services. The focused effort will build upon the Bank's 220-year history of innovative thinking and strategic evolution, and will be ...