SAP AG announced the appointment of Dominic Trotta as SVP and global head of Financial Services for SAP AG. In his new role, Trotta will be responsible for global product strategy, development and overall market positioning activities for SAP in the banking and insurance industries. He will report to Bob Stutz,corporate officer of SAP Group, member of the executive council and EVP of Industry Solutions.

A 25-year veteran, Trotta has held CTO and CIO positions at top-tier global financial institutions, including Barclays, Citigroup, Chase Manhattan and American Express. Over the years, he also has served on numerous financial services and CIO advisory boards for major industry organizations, such as HP, Accenture, Unisys, NCR/Teradata, The Research Board, MasterCard and Visa. In 2007 he was nominated for CIO of the year in the FT Bankers Award.

“With his deep, firsthand knowledge of large-scale business and technology demands in the industry globally, Don will greatly strengthen SAP’s capability to deliver on our strategic commitment to our banking and insurance customers around the world,” Stutz said. “Having his kind of industry leadership within SAP will enable us to accelerate the already substantial momentum we have built to date and help take us to the next level in the financial services industries.”

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