US Fintech firm Turbonomic has appointed the CIO of Hiscox to its Board of Directors. Ian Penny is the second CIO to join the board of Turbonomic as Non-Executive Director, joining former GE CIO, Gary Reiner on the board.
London based Penny, who has been CIO for insurance specialist Hiscox since May 2017, “brings deep expertise in leading all aspects of IT including strategy, development, engineering, operations and program execution”, Turbonomics said in a statement. At Hiscox Penny is responsible for the Group’s IT, leading a team of 300 and reporting to the CEO.
Prior to Hiscox, as CTO of Barclays, Penny was responsible for the bank’s IT infrastructure development and led cloud computing initiatives. Before that, Penny was Managing Director of Engineering and Architecture at financial services giant JPMorgan, designing platforms for risk analytics, cloud development, and high-volume customer channels.
“Ian is a visionary IT leader and strategist. He’s also a longtime customer who brings an important lens on the customer experience and challenges they face during the largest and fastest replatforming of workloads to the cloud in the history of IT. We’ve benefited from his IT vision since 2014, when he joined our Technology Steering Council and I’m delighted to welcome him to the board,” said Benjamin Nye, CEO at Turbonomic. “As a change-agent with experience leading multi-year business and IT transformation projects, much like our customers are undergoing, Penny will be instrumental in helping us deliver SMART (self-managing, anywhere, in real-time) workloads to more customers globally.”
“Having personally navigated the profound implications created by digital transformation, I’ve experienced how intelligent automation and AI-powered analytics that focus on workload demand, as opposed to infrastructure supply, are essential to success,” said Penny. “I believe Turbonomic has become the industry-standard for managing workloads on any platform – and I look forward to working with the team and its customers.”
Turbonomic provide technology to manage over 3.5 million dynamic workloads in real-time, assuring application performance and enforcing policy compliance.