You don’t have to be a pigeon, says Nottingham Building Society CIO Jack Cutts

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You don’t have to be a pigeon, says Nottingham Building Society CIO Jack Cutts

By Jack Cutts | 22 November 2011

You donundefinedt have to be a pigeon

2011 CIO Summit presentation: Jack Cutts, Head of IT, Nottingham Building Society.

The Nottingham

Nottingham Building Society IT modernisation has built strong foundations

Background

Building society invests in IT and prospers in difficult times for the financial sector

Steering Group

When Jack Cutts arrived at the Nottingham Building Society he walked back in time technologically and inherited a team that was devoid of power and motivation

This is what you could have won!

But in a little under three years he has completely overhauled the infrastructure of the organisation and given the team new goals and a new level of job satisfaction.

IT Guiding Principles

Building societies are once again in the spotlight, in part due to the world recession and the recent spate of government interventions into banks that once operated as building societies. A debate is growing as to whether we should renew our interest in the building society model.

Approach

"We are a solid business," Cutts says. "We are very prudent at what we do, but we do get hit by the cost of borrowing."

Specifics

Although the Nottingham is feeling slightly more confident about the current wave of troubles affecting the financial services sector, it is certainly not immune

You donundefinedt have to be a pigeon!

In early 2006 the organisation appointed Ian Rowling as its new chief executive and Cutts explains that Rowling set in motion a strategic review of the organisation.

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