Barclays Capital has named Raymond Dury managing director and head of IT infrastructure, a new position. Prior to Dury's appointment, the infrastructure for the investment bank's London office was handled by a team of Barclays' employees. Now, the role has been turned into a global one, where Dury will spearhead infrastructure for the firm's New York, London and Asia offices.
Dury comes to Barclays from Ameritrade Holding Corporation, where he was chief information officer. At Ameritrade, he primarily managed technology integration after acquisitions, such as Ameritrade's recent purchase of Datek. "I had been looking for a change from the investment-bank side after working on the Datek merger, and this opportunity was presented to me," notes Dury.
Dury, who officially began working at Barclays in early June, says his primary initiative is to enhance the process and structure of the firm's current infrastructure. After creating a new infrastructure model, his second goal will be "to drive efficiencies into the new model, including determining where to consolidate systems, databases and networks and figuring out how to provide the highest level of speed and reliability," he says.
Somewhere between 450 and 550 people will report to Dury. The groups reporting to him will include Core Services, which includes systems, networks, processes and engineering; Production Services, which is comprised of data centers and change management; and Business Services, which includes desktop and telecom support. Lastly, there is a small architecture-planning group and a project-management group, which will also fall under his purview.
Dury will report to Kevin O'Reilly, global head of IT and strategic planning.