Technology: Tech Vision - Barclays' Four-year Plan To Unlock Its Potential - Barclays CIO David Weymouth Talks To Dan Barnes About How Unsustainable Business Models Sparked A Restructuring At The Bank, Why These Changes Included Partnering And Why Handing.

Banker, The, January, 2005

Barclays' David Weymouth may sound like he's trying to talk himself out of a job (he is due to change roles this year) but the question is a serious one: "You don't have anybody who manages heat, light and water. Why isn't IT more like that?" asks the bank's chief information officer.

Mr Weymouth's vision is focused on the huge changes in structure driven by the company's ambition to become "one of the most admired financial services organisations in the world". He and his peers saw the company's previous business models as unsustainable for the future, and they are in the process of restructuring the organisation. "One of the things you have to have is flexibility to allow the organisation to change without complete breakage," he says.

Change must...

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