He will join the Bank on 1 February 2016, and report to Kim Hammonds, who will become Chief Operating Officer and CIO from 1 January 2016 as previously announced. He will be based in New York until the end of 2016, when he will move to London.
Boillat is currently Head of Operations and Technology for the US secondary mortgage market company Fannie Mae, based in Washington. He was previously at Citigroup, where he was responsible for managing and delivering technology solutions for institutional, retail and prime brokerage operations. Prior to this he worked for the consultancies Bearing Point and Capco. Boillat has a degree in electronic engineering from the Berufsschule in Zurich.
Hammonds said: “Pascal’s technical expertise and experience of implementing change across large teams will further strengthen our technology and operations leadership.”