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In a serious rent, international regulation agency Freshfields Bruckhaus Deringer has right now (5 February) introduced the appointment of Gil Perez as international chief innovation officer, efficient from April. Perez joins from Deutsche Financial institution, the place he was chief innovation officer, with accountability for the financial institution’s innovation technique; transformation to the general public cloud; AI, machine studying and GenAI initiatives; strategic expertise partnerships; and the financial institution’s Company Enterprise Capital Group. In prior years, Perez held senior government positions at main software program vendor SAP.
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Primarily based in Silicon Valley, Freshfields says that Perez will lead the persevering with evolution of the agency’s international innovation technique. That is a unprecedented and dare we are saying even trophy rent for the Magic Circle agency, nevertheless one authorized recruiter we spoke to concerning the rent noticed that it could be tough for Perez to transition from an funding financial institution to a regulation agency, the place the possession and decision-making construction could be very completely different, as is the cash obtainable for funding. In 2019, Deutsche Financial institution’s CEO Christian Stitching introduced that the financial institution would make investments €13bn in expertise earlier than 2022. In keeping with GlobalData, the financial institution’s ICT spend in 2023 was $4.9bn.
Commenting on the appointment, Freshfields senior accomplice Georgia Dawson stated: “A tradition of steady enchancment is core to our agency’s progress technique. It’s important to our efforts to draw the easiest expertise and equip them with the most recent instruments to serve and collaborate with our shoppers. Embracing the chances of the most recent innovation and tech, resembling GenAI, will guarantee we stay on the reducing fringe of shopper service requirements.”
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Perez commented: “As organisations transfer shortly to maximise the alternatives borne from nice innovation, and with the latest developments of GenAI, the authorized occupation is destined to profoundly change within the coming years and Freshfields has the clear ambition and intent to remodel the best way legal professionals and shoppers work together by main the trade. I’m wanting ahead to collaborating on the agency with shoppers, colleagues, innovation companions and tech firms, and redefining shopper expertise within the trade.”
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