Deutsche Bank just nabbed AQR's head of technology to help lead a $15 billion push into digital with a focus on the cloud

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Deutsche Bank just nabbed AQR's head of technology to help lead a $15 billion push into digital with a focus on the cloud
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Neal Pawar, who has served as the chief technology officer at AQR since 2014, will join the German bank in September.

Neal Pawar, the chief technology officer and a principal at AQR, will leave the $203 billion hedge fund to serve as group chief information officer at Deutsche Bank, Business Insider has learned.

A major responsibility for Pawar at the German bank will be further developing its cloud strategy, according to sources familiar with the matter.The head of technology at one of the biggest quantitative hedge funds in the world just signed on for what could prove to be the most difficult equation he's had to solve: The transformation of Deutsche Bank.

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