Theodore “Ted” Podest

* ********* *****

Washington Township, NJ 07676

Mobil: 917-***-****

Email – adwbyc@r.postjobfree.com

Senior Technology / Business CFO with strategic experience in P&L Management, cost and risk control and specializing in spend reduction efforts. Executive Leader with extensive Business Management/ Vendor and Outsourcing roles for major international securities firms. Results orientated manager in all aspects of Financial, Business, Agile and Strategic Project Management. Proficient in all Fixed Income, Treasury and Equity securities including all related SLA’s, strategic global objectives, reporting, projects and accounting. Time tested record of cost saving initiatives and financial re-engineering projects. Known for being a creative, results-orientated business manager with the ability to develop and enhance relationships with senior management, business partners, clients and vendors.

Wells Fargo – Senior Finance Manager – Wealth Management Technology CFO 2/22 – Present

Built strong relationships and partnered closely with all Wealth Management Technology leaders, business leaders and stakeholders to drive efficiency savings and execute on Agile transformation deliverables

Built a WIMT interactive financial model to simulate scenarios for reducing our fixed and variable costs to achieve a glide path back to 2022 WIMT budget.

Developed actionable platform vendor expense database, which provided a pathway to reduce vendor spend for Technology and the Business

JP Morgan Chase – Managing Director - Technology COO - CCB Vendor Management, Operations Technology, Merchant Services Technology, IT Real Estate, 4/14 – 5/21

IT CFO for Operations Technology and Merchant Services Technology. The 2 organizations represent over 3,500 technology HC and over $1Billion of direct and indirect expenses.

Built a strategic matrix organization to optimize all contractor spend in the Consumer Banking IT division with documented budgeted saves of over $400MM (VMO Program to date).

Lead the IT Agile Financial transformation programs for all the financial modeling, cost savings / efficiency gains and Portfolio transformation from tracking cost by hours to sprints in Jira.

Strategic Project Management of Agile transformation and new product alignment over last 24 months. This transformation project will save $90MM USD with faster, more efficient delivery of IT software.

Responsibility for Human Resource CFO global workforce management team, this team is the control on all CCB workforce metrics and all CCB global location strategy initiatives.

CIT – Information Technology, Livingston, NJ 7/12 – 4/14

Director – IT CFO, IT Vendor / Outsourcing Management, IT Business Management,

Achieved 20% cost savings by using heat maps to identify opportunities in an unstructured expense line, re-negotiating IT vendor software maintenance contracts, supervising supply and demand management programs, reconciling budgets and analyzing contingent workforce strategies-

Lead the IT Transformation to Agile software development from the standpoint of all Portfolio management reporting from reduction in time to market and overall project efficiency.

Received internal accounting recognition for creating a new account hierarchy for professional services, which increased transparency of common services with savings potential, isolated volume-related expenses and supported a new expense line controller function. Added an IT project capitalization accounting structure that allowed capitalization over the true life of the asset.

Improved compliance with accounting and procurement policies through dashboards, training high-volume invoice handlers and maintaining a vendor-to-account mapping database

JP Morgan Chase – Consulting Technology CFO 4/12 – 7/12

Management Consultant – Efficiency Management

Identify, define and execute efficiency opportunities for Lights on Production Support in Broker Technology Services organization. Saved over $7MM USD in a 6-month contract.

New York Stock Exchange – Consulting Merger Analysis 10/11 – 3/12

Management Consultant – Merger Analytical Consulting

Manage the potential merger with Deutsche Boerse from a project perspective. Worked with managers from both firms on analyzing the efficiency program and identifying what projects would enhance capital and add bottom line savings when merger was approved.

Worked with the procurement department on a project to identify consultants being paid higher than market rates and had over 3 years of service. Project saved over $15MM annually.

Goldman Sachs Asset Management, - Consulting Risk Management 2/11 – 10/11

Management Consultant – Asset Management - Project Management

Manage the GSAM initiative to build and automate a Global Broker Commission System. With over $840 Billion AUM, GSAM pays over $1.2 Billion in Broker Commissions to the street. Completed the business requirements, business case and implementation plan.

Liaise with the Technology and Operational areas of GSAM to communicate, prioritize and implement an OTC imputation engine for the Global Broker Relationship Management System.

Credit Suisse, New York, NY 5/06 – 1/11

Executive Director –CFO - Bank Expense Management – Shared Services Division 1/10 – 1/11

Senior Manager in the IT Bank Expense Management department that was responsible for lowering the cost base for all Consulting, Market Data and Contracting expense. The project saved over $80MM in 1.5 years by applying an aggressive Onshore/Offshore model to Raleigh, India, and Singapore.

Managed a team that brought the Investment Bank on equal cost footing with Credit Suisse's competitors through strategically outsourcing over 2,000 technology positions to low-cost locations. To meet our objective and to reduce attrition risk, my team collaborated in the creation, communication and roll out the Credit Suisse Migration Planning Process (MPP). This process exceeded deployment target of 1,422 resources. Credit Suisse successfully deployed 2,031 IT resources (609 above target). This translated into a run rate savings of $500MM. The MPP was also instrumental in allowing Credit Suisse to define and track IT related SLA's that had not been formalized.

Leader of Financial Management team responsible for annual operating budget of $1 Billion USD

Citigroup, New York, NY 2/01 – 5/06

Senior Vice President – CFO IT Team, IT Vendor Outsourcing Management

Financial Management for annual operating budget of approximately $175MM USD and 600+ technology personal globally.

Lead a team of mangers to establish strategic initiatives in technology management of the firm. These initiatives were tailored to bring in the best practices and maximize the ROI for technology management within Citigroup. These initiatives resulted in total savings of $150 Million to Citigroup and resulted in improved productivity by 18%.

Consultant replacement program – Undertook a detailed analysis of the procurement practices for Consultants within Citigroup and replaced over 1,100 high price consultants with low-cost consultants in offshore locations, without loss of productivity across IT projects.

Established Metrics to ascertain ROI and Productivity measurements across projects and vendors.

Lead a committee on consolidating firm wide locations to achieve cost cutting of $ 100 Million

Bluestone Capital, New York, NY 5/00 – 2/01

Senior Vice President – Capital Markets

Team leader in developing e-commerce “live” markets for Fixed Income, Derivatives, Foreign Exchange, Equity and Wealth Management products.

Société Générale, New York, NY 4/97 – 4/00

Director – CFO – Fixed Income Capital Markets

Implemented all Front office Sales and Trading, Accounting and Back Office applications in the start up of SG’s Fixed Income, Equities and Syndicate business lines.

Responsibilities included: Global Fixed Income reporting, budgeting forecasting

Developed the Capital Markets Financial Reporting System that was implemented for daily, monthly and year-to-date reporting, as well as the primary General Ledger interface.

Chaired the Steering Committee and is the primary liaison with the Federal Reserve in attaining an U.S. Primary Dealership.

Management of Technology Staff – Developed and staffed the startup of Fixed Income technology team.

Assisted the Business Integration on the pre-analysis, purchase, and integration of the $600 million-dollar purchase of Cowen Securities.

Union Bank of Switzerland, New York, NY 6/93 – 4/97

Senior Vice President – CFO - Fixed Income / Treasury

Managed monthly revenue, sales credit reporting, and compensation, balance sheet and risk management reporting for all Fixed Income and Treasury Sales and Trading products.

Responsible for annual budgets, deriving cost center allocation methodologies, performing monthly cost variance analysis and divisional forecasts.

Reported and analyzed all Fixed Income and Treasury Division Results for the heads of Fixed Income and Treasury as well as all 16 minor business lines.

Implemented all aspects of cost reductions, management appraisals, workflow designs and any IT project that included the Fixed Income or Treasury Divisions.

Salomon Brothers, New York, NY 9/90 – 6/93

Vice President IT -Fixed Income - Controller

Analyzed the cost of all technology spending for Fixed Income Sales and Trading desks including making recommendations on projects/services that were nonessential. This lowered technology costs and increased profitability. Managed $250 million of expenses for the Corporate and Derivatives Trading Desks. Implemented firm wide cost savings initiative in Travel in Market Data Services resulting in a $10 million annual cost savings.

Volvo North America Corporation – Rockleigh, NJ 6/86 – 9/90

Accounting Manager

Responsible for the automation, coordination, planning and analysis of all General Ledgers, P&L’s as well as budgets and forecasts for all six U.S. and four foreign companies

Education

New York University, New York, NY

Post Graduate Coursework in Accounting

Long Island University, Sparkill / West Point, NY

MBA – International Finance - GPA 3.9

Marist College, Poughkeepsie, NY

BS – Business Administration with a dual concentration in Finance and Marketing.

Skills All spreadsheet, relational databases and presentation packages, Harvard Negotiation Skills. Series 7 (lapsed). Information Technology / Capital Markets (IT Systems, Operations, Accounting, Risk Management, Human Resources, Credit, Sales and Trading and Compliance)

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