KfW restructures IT department as part of ongoing digital development

• Division into two organisational units
• Cecilia Fernández de Córdoba and Jörg Menzel take over management
• Long-time IT department manager Andreas Fichelscher retires

As part of its ongoing development into a digital transformation and promotional bank, KfW is reorganising its IT department, which has grown significantly, into two organisational units. With the retirement of Andreas Fichelscher, the long-time head of IT, the department will be divided into two separate departments as of 1 January 2024, which will in future be headed by Cecilia Fernández de Córdoba (43) and Jörg Menzel (57). The reorganisation is part of the ongoing IT transformation.

Software engineer Cecilia Fernández de Córdoba comes from Goldman Sachs, where she has been responsible at the global level for software development platforms as “Head of SDLC Americas and Global Platform Owner for Build and Testing Services” since 2022. Prior to this, the experienced IT manager spent many years at Deutsche Bank, where she was most recently responsible for the structure and operation of modern software development as “Global Head of Engineering Methods and Standards”.

Jörg Menzel has a degree in physics and is an effective IT manager who has held a leading role in KfW’s IT department since 2016, following management positions at various regional state banks, and is responsible for a large part of the IT organisation. He has significantly driven the expansion of agility in IT and successfully implemented numerous central IT projects for KfW.

“As a promotional bank, we make an effective contribution to Germany’s transformation. Digitalisation and thus KfW’s IT are of crucial importance here. I would like to thank Andreas Fichelscher for consistently promoting the further development of IT under his responsibility and am looking forward to the further impetus from the new IT department management"

, said Melanie Kehr, Member of the KfW Group Executive Board responsible for IT and Operations.

“With Cecilia Fernández de Córdoba, KfW is gaining an IT manager with excellent expertise in modern software development methods and processes. KfW will continue to rely heavily on its own software development. In addition, Jörg Menzel has demonstrated with his long-standing holistic understanding that he can successfully implement large IT projects and transformations of organisations”

, continued Melanie Kehr.

Andreas Fichelscher is retiring as planned after nine years at KfW. It is thanks to him that KfW’s IT department has completed a successful overhaul since 2016. With regard to structure and personnel, he has set up IT to be fit for the future and has significantly driven agility forward.

Profile photos of Cecilia Fernández de Córdoba and Jörg Menzel can be downloaded here:
Jörg Menzel: Photo Archive | KfW
Cecilia Fernandez de Cordoba: Photo Archive | KfW and Photo Archive | KfW