Banking

U.S. Bank makes three technology leadership announcements

One retirement and two new appointments are shaking up technology leadership at U.S Bancorp.

On Thursday, the Minneapolis bank announced that Jeff von Gillern, vice chair of technology and operations services, will retire in late 2023 after more than 20 years at the bank. At the same time, the bank announced that Dilip Venkatachari, who serves as the company’s executive vice president and global chief information and technology officer, and Souheil Badran, who is joining the company, will join the executive leadership team.

“Jeff has helped to elevate our technology profile and reputation inside and outside the organization, and he has strengthened our focus on operations throughout his career with us,” said Andy Cecere, chairman, president and CEO of U.S. Bank, in a press release. 

Von Gillern will oversee systems integration with MUFG Union Bank after the acquisition closes. The transaction is expected to close on December 1.

Meanwhile, Venkatachari will provide technology leadership at the executive level and report to von Gillern starting in January. He will now be on the managing committee of the bank, which is made up of Cecere’s direct reports and a small group of others. Venkatachari joined the $601 billion-asset bank in 2018 and has overseen such projects as a deal with Microsoft Azure to move most of the bank’s applications to the cloud. 

Badran, who will assume the role of senior executive vice president and chief operations officer on December 15, comes to U.S. Bank from Northwestern Mutual, where he most recently served as chief operating officer. He was previously president of Alibaba‘s Alipay business in the Americas. At U.S. Bank, he will report to Cecere and oversee the operations teams and call centers.

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