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Bank of America Hires Former Morgan Stanley IT Security Officer

Bank of America named George Sherman CTO for two business units in 2010. At Morgan Stanley, he had held several senior technology roles, including chief IT risk and security officer.
From TheFinanceBase Team1 min to read
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Bank of America named George Sherman chief technology officer for its Global Banking and Markets and Global Commercial Banking businesses, SecurityWeek reported on June 8, 2010. Sherman had previously held the title of chief IT risk and security officer at Morgan Stanley; the Bank of America appointment was to a business-unit technology leadership role, not a new security-officer post.

Who did Bank of America hire?

The appointee was George Sherman. SecurityWeek reported that Bank of America announced his appointment on June 7, 2010, with the news published the following day. The report described Sherman as having spent more than 10 years at Morgan Stanley.

What was his role at Bank of America?

Sherman was named CTO for Global Banking and Markets and Global Commercial Banking. His announced remit covered strategy, architecture, design and build, operations, product management, and project delivery for the technology infrastructure supporting those businesses.

SecurityWeek said Sherman was expected to be based in New York, join in September 2010, and report to Bank of America CTO Marc Gordon. Those details describe the plan announced at the time; the report does not establish whether or when he ultimately started.

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What was his Morgan Stanley background?

Before the Bank of America appointment, Sherman had held several senior technology positions at Morgan Stanley, including managing director and CTO of its Americas enterprise infrastructure organization, chief IT risk and security officer, and IT chief operating officer. His security title was one part of a broader technology career, while his new role focused on technology leadership for two Bank of America businesses.

Where had he worked before Morgan Stanley?

SecurityWeek reported that Sherman spent seven years at Chase Bank in technology engineering, application development, and operations organizations before joining Morgan Stanley.

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What the 2010 announcement does—and does not—establish

The announcement documented Sherman’s appointment, the stated scope of the role, and the planned September start. It does not establish his subsequent career or provide an update on the appointment after the announced plan. Read SecurityWeek’s June 8, 2010 report.

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