Banks continue to invest in digital transformation:

Grewal is Wells Fargo’s new head of digital

Reetika Grewal will join Wells Fargo & Co. in April as the new head digital for commercial banking and corporate and investment banking.

Grewal will be responsible for accelerating development and implementation of commercial and corporate banking digital offerings and market-competitive capabilities. She will lead the company’s strategy to improve digital experiences for commercial and corporate clients.

Grewal comes to Wells Fargo from JPMorgan Chase, where she was head of digital for the commercial bank. Previously she worked at Silicon Valley Bank as the global head of payments strategy and solutions. She was recognized in the Innovators to Watch list for 2015 by Bank Innovation, Bank Automation News’ precursor.

Arora named head of digital for Citi’s Institutional Clients Group

Sandeep Arora is the new head of digital and chief investment officer for the Citi Institutional Clients Group. As chief digital officer, Arora will oversee the execution of ICG’s efforts to further digitize the business. He will also lead an API-first strategy that will give clients direct access to the group’s capabilities, according to a press statement.

As chief investment officer, Arora will chair the investment committees and become a voting member of those committees for all ICG portfolios.

Arora previously served as managing director of ICG’s electronic platforms and markets for fintech investments, according to his LinkedIn profile. He has been with Citi for nearly 33 years.

Deutsche Bank restructures

Deutsche Bank CEO Christian Sewing’s contract was extended through 2026 and he will hand over management board-level responsibility for the corporate bank and the investment bank to Fabrizio Campelli, a member of the management board.

Rebecca Short will be transferred to the chief transformation office and join the management board. She will also assume responsibility for global procurement from the chief operating office and the capital release unit. Chief operating office duties will no longer be a separate management board function for the bank. Current COO Frank Kuhnke will leave the bank as part of the restructuring.

JPMorgan Chase hires Balkin away from HSBC

JP Morgan Chase has hired Jeremy Balkin to head fintech and innovation for wholesale payments, where he will help decide whether the bank should invest in or partner with fintechs, according to news reports. Balking leaves an executive position with HSBC Holdings in the U.S., where he led innovation and strategic digital partnerships.

Envestnet beefs up team with data industry veterans

Asset management platform Envestnet gave its digital financial wellness team a boost this week, hiring four new leadership positions. Mary Ellen Dugan joins the company as chief marketing officer; previously she as CMO for WP Engine, a digital platform. Farouk Ferchichi will serve as the new chief data and analytics officer. Previously, Ferchichi served in the same role at USAA.

Envestnet also added Jillian Munro as group head of data and analytics technology, and Neel Ray as head of mergers and acquisitions, according to the Investment News report.

Dotter and Kinion move up at MX

API and data platform company MX is scaling up after its January $300 million funding round, adding two new executive positions to its leadership team. Former Chief Financial Officer James Dotter was promoted this month to chief business officer, a new position, and Brian Kinion former CFO at Upwork, Marketo and SuccessFactors, will take over as CFO.

Bank Automation Ignite, on April 13-14, is the event for inspiring automation initiatives and investment in financial services. At the virtual event, financial services professionals can discover new use cases and technologies that are accelerating automation in banking. Learn more and register at www.BankAutomationIgnite.com.