 |
Rodric O'Connor, Putnam Lovell
|
|
|
| |
Rodric O'Connor, CTO of San Francisco-based
investment bank Putnam Lovell, proved the value of
Web services this year by putting the finishing
touches on an IT strategy that used outsourced
Web services components to save money.
He outsourced nonessential services, tapping
Salesforce.com to handle CRM, Grand Central as an
integration hub, Blue Matrix for research content
creation, and AppShop for Oracle financial
applications. "I viewed it as an opportunity where
you can try newer things, but you have to justify it
by hard numbers," O'Connor says.
National Bank Financial (NBF), one of Canada's
largest investment banks, snapped up Putnam Lovell
this summer. But O'Connor is sticking by the Web services model. "The
application infrastructure we are using is still valid after the acquisition," he
says. Some of NBF's business units are now moving under Putnam Lovell's
Web services umbrella.
Under O'Connor's outsourcing strategy, Putnam Lovell was able to concentrate
on its core competency -- financial services, including asset management,
banking, insurance, and investment. "We spent a lot of effort and time seeing
where we could reduce costs," O'Connor explains. "We looked at different
ways of accomplishing things."
-- J.M.
|
ADVERTISEMENT
|
|
 |
Related Links |
|
| |
|
|
|
25 Most Influential CTOs 2002 - InfoWorld honors executives with the leadership and vision to find a path out of difficult times
|
| |
| • |
Gene Rogers, Boeing
|
| |
| • |
Randy McCoy, CheckFree
|
| |
| • |
Kevin Vasconi, Covisint
|
| |
| • |
Dawn Meyerriecks, DISA
|
| |
| • |
Terry Milholland, EDS
|
| |
| • |
Julie St. John, Fannie Mae
|
| |
| • |
Norman Lorentz, Federal Government (OMB)
|
| |
| • |
Larry Biagini, General Electric
|
| |
| • |
Tony Scott, General Motors
|
| |
| • |
Duane Ebesu, Housing Works
|
| |
| • |
Mark Halstead, Keen
|
| |
| • |
Wade Hennessey, Kontiki
|
| |
| • |
Allan McLaughlin, LexisNexis
|
| |
| • |
John McKinley, Merrill Lynch
|
| |
| • |
Alex Zoghlin, Orbitz
|
| |
| • |
Max Levchin, PayPal
|
| |
| • |
Rodric O'Connor, Putnam Lovell
|
| |
| • |
Gerhard Eschelbeck, Qualys
|
| |
| • |
Mike Sayers, Reuters
|
| |
| • |
Dave Moellenhoff, Salesforce.com
|
| |
| • |
Phil Wiser, Sony Music Entertainment
|
| |
| • |
Phyllis Michaelides, Textron
|
| |
| • |
Jim Barton, TiVo
|
| |
| • |
Peter Tippett, TruSecure
|
| |
| • |
Rob Robless, United Air Lines Loyalty Services
|
| |
| • |
Runners up
|
| |
|
|
|
|
|
NEWS 
