Google Cloud just poached a long-time Citi exec. Here’s why public-cloud giants keep adding Wall Street veterans to their ranks.

Yolande Piazza.PNG

Yolande Piazza has been named Google Cloud’s vice president of financial services.
Piazza, who spent 32 years at Citigroup, will be focused on helping Google Cloud lure more Wall Street clients onto the cloud provider’s platform.
Providers are ramping up efforts to recruit financial firms to use the public cloud.
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Google Cloud is hiring a long-time Citi executive as cloud providers increase their efforts towards attracting more Wall Street firms.

Yolande Piazza was named vice president of financial services at Google Cloud on Tuesday. Piazza spent 32 years at Citigroup, most recently serving as CEO of Citi Fintech, the group responsible for leading the mobile efforts for Citi’s consumer bank.

At Google Cloud, Piazza will head up the company’s North American financial services sales and customer engineering teams and report to Kirsten Kliphouse, president of North America for Google Cloud. Part of the role will include defining and creating new solutions specifically geared toward Wall Street.

Rob Enslin, Google Cloud president, said Piazza’s history of knowing how to collaborate in clients will come in handy.

“She has a track record in the industry of being hands on and co-creating with customers. We need someone who isn’t afraid to experiment and to push on the status quo, all while keeping our customers’ best interest at the forefront,” Enslin said via email.

“It takes imagination, a bold vision, and leadership to bring new cloud solutions to market, and we’re confident that Yolande has all of these characteristics and more to excel in this role.”

Read more: IBM’s new head of cloud says there’s a $1 trillion opportunity in luring Wall Street firms and other holdouts onto the public cloud. Here’s his plan to take on AWS, Google, and Microsoft.

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Wall Street’s adoption of the public cloud has reached a tipping point in recent years, as even those firms that had opposed using the tech have started to turn the corner.

As a result, cloud providers such as Amazon Web Services, Google Cloud, Microsoft, and IBM have all put resources towards attracting clients in financial services, whose heavy use of data equals big contracts.

At the end of 2019, IBM rolled out a cloud specifically catering to Wall Street. A few months later the tech giant hired Howard Boville, who had been the chief technology officer at Bank of America and helped lead its cloud strategy, to run IBM’s cloud business.

Boville recently told Business Insider financial firms represent a $1 trillion opportunity for cloud providers.

See more:Wall Street’s year in the public cloud: we tracked which big banks are starting to embrace using the tech

For Google Cloud, Enslin said offering a service that is flexible and interoperable with other providers remains key.

“Our differentiator is that we offer our customers choice. We support an open cloud approach, where customers can freely choose which combination of services and providers will best meet their needs over time,” Enslin said.

“We …read more

Source:: Business Insider


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