This content is from: Portfolio

The 2016 Tech 50: Scott Dillon

The newly minted Wells Fargo CTO joins the Tech 50 ranking at No. 30

< The 2016 Tech 5030Scott DillonChief Technology Officer, Head of Enterprise Information TechnologyWells Fargo & Co.PNR

When Kevin Rhein (No. 19 last year) retired in March as chief information officer and head of the technology and operations group (TOG) at Wells Fargo & Co., his responsibilities were split three ways. Scott Dillon was named chief technology officer and head of enterprise information technology for the $1.8 trillion-in-assets banking company, which is the third-biggest in the U.S. and tops in the world in market capitalization. (Rhein’s other duties were parceled out to A. Charles Thomas, chief data officer, and Gerald Enos Jr., head of TOG operations.) In announcing the changes last December, Wells Fargo said Dillon would report to CFO John Shrewsberry, as does the San Francisco–based bank’s strategy group, underscoring IT’s importance and involvement in strategic initiatives. The bank, whose brand name is associated with territorial expansion, was among the first to bring financial services to the online and mobile frontiers, and it was an early supporter of the Linux Foundation’s blockchain standardization initiative, now called the Hyperledger Project. Wells Fargo has some 8,000 locations and 13,000 automated teller machines, and processes 800 million ATM transactions, 6.7 billion debit card purchases and 8 billion point-of-sale transactions annually. In June the bank teamed up with Xero, a New Zealand–based developer of accounting software in the cloud, on a secure data-sharing platform for business customers to access — and control access to — their bank information. “I really want to run things at scale,” says Dillon, 50, who has been with Wells for 22 years and oversees 17,000 people in the enterprise IT group. “Customers expect immediacy and transparency of service. We’re a business based around trust, and we want to make sure customers receive value from their institution.” Based in Minneapolis, Dillon is a Minnesota native who went to work for Wells predecessor Norwest Bank after graduating from the University of Minnesota’s Carlson School of Management with a BS in banking. In 1996 he left for Deloitte Consulting, returning in 2002, four years after Norwest and Wells Fargo merged, to work in senior IT positions, including global head of technology infrastructure services. “That’s when I really started to run things,” he says. “I wouldn’t trade it for anything.”

Visit The 2016 Tech 50: Making Financial Services Faster, Cheaper, Bigger for more.

 The 2016 Tech 50 Click below to view profiles
1. Catherine
Bank of America Corp.2. Jeffrey SprecherIntercontinental Exchange3. Lance UgglaMarkit4. Phupinder GillCME Group5. Shawn Edwards and Vlad KliatchkoBloomberg6. R. Martin ChavezGoldman Sachs Group
7. Robert GoldsteinBlackRock8. Adena FriedmanNasdaq9. Deborah HopkinsCiti Ventures10. Daniel ColemanKCG Holdings11. Stephen NeffFidelity Investments12. David CraigThomson Reuters
13. Michael SpencerICAP14. Michael BodsonDepository Trust & Clearing Corp. 15. Charles LiHong Kong Exchanges and Clearing16. Chris ConcannonBATS Global Markets17. Blythe MastersDigital Asset Holdings18. David RutterR3CEV
19. Neil KatzD.E. Shaw & Co.20. Lee OleskyTradeweb Markets21. Richard McVeyMarketAxess Holdings22. Seth MerrinLiquidnet Holdings23. Robert AlexanderCapital One Financial Corp.24. Brad KatsuyamaIEX Group
25. Antoine ShagouryState Street Corp.26. David GledhillDBS Bank27. Lou EcclestonTMX Group28. Andreas PreussDeutsche BÖrse29. Dan SchulmanPayPal Holdings30. Scott DillonWells Fargo & Co.
31. Mike ChinnS&P Global Market Intelligence32. Craig DonohueOptions Clearing Corp.33. Gary NorcrossFidelity National Information Services34. Steven O'HanlonNumerix35. Sebastián CeriaAxioma36. Michael CooperBT Radianz
37. Tyler KimMaplesFS38. Neal PawarAQR Capital Management39. David HardingWinton Capital Management40. Chris CorradoLondon Stock Exchange Group41. Brian ConlonFirst Derivatives42. Jim MinnickeVestment
43. Stephane DuboisXignite44. Mazy DarOpenFin45. Yasuki OkaiNRI Holdings America46. Kim FournaisSaxo Bank47. Jock PercyPerseus48. Robert SchifelliteBroadridge Financial Solutions
49. Brian SentanceXenomorph Software50. Pieter van der DoesAdyen

Related Content