Top 10 CPOs in Financial Services

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Top 10 Chief Procurement Officers working in financial services
Procurement Magazine takes a look at the top 10 Chief Procurement Officers working in the Financial Services industry

The role of a Chief Procurement Officer is more vital than ever. It's a job with huge expectations, from leading sustainability efforts to transforming sourcing initiatives.

Across the financial services sector, countless CPOs work to ensure their companies stay at the forefront of innovation, resilience and operational efficiency.

Their roles are particularly crucial in an industry where risk management, regulatory compliance and cost optimisation are paramount.

These leaders are shaping the future of procurement in banking, insurance and investment firms, driving value through strategic sourcing, supplier diversity and digital transformation.

Procurement Magazine has looked at the top 10 CPOs across the finserv today.

10. Jarrod Glover, Director of Procurement

Jarrod Glover, Director of Procurement at Santander UK, at Procurement and Supply Chain LIVE London, 2024

Company: Santander UK
Revenue: US$6.35bn
Employees: 19,800
Founded: 2010

Jarrod aligns procurement with enhancing customer outcomes at Santander UK. Since joining in 2014, he's led various functions, including Procurement Transformation and Third Party Risk Management.

In his current role since December 2022, Jarrod focuses on procurement digitalisation, risk management and commercial capability transformation. His background in property and construction management instilled a passion for efficiency and customer focus.

9. Melanie Werrett, Chief Procurement Officer

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Company: Macquarie Group​​​​​​​
Revenue: US$4.40bn
Employees: 
20,600
Founded: 
1969

Melanie boasts more than 12 years of dedicated service with the company. Her journey within Macquarie Group includes roles as a Business Operational Risk Manager and Managing Director, where she led as Head of Operational Risk for the Corporate Operations Group.

Before joining Macquarie, Melanie contributed her expertise to UBS Investment Bank. Currently, she operates from the Greater Sydney Area in Australia.

8. Jeanne (Mordarski) Edwards, Chief Procurement Officer

Jeanne (Mordarski) Edwards, Chief Procurement Officer at AIG

Company: AIG
Revenue: US$46.80bn
Employees: 25,200 
Founded: 1919

With a career spanning over 30 years, Jeanne has built up her expertise in procurement and sourcing at many leading organisations including Corning Incorporated, LightPath Technologies, GE Aviation, GE Healthcare and Precision Castparts before joining AIG.

As the finance and insurance company's CPO, Jeanne is responsible for the overall strategy and performance of all purchasing and vendor services across AIG.

7. Oleh Melnyk, Head of Procurement (CPO) and Property

Oleh Melnyk, Head of Procurement (CPO) and Property at Allianz UK

Company: Allianz UK
Revenue: €152.7bn (Approx: US$167.31bn)
Employees: 159,253
Founded: 1890

A senior executive with more than 20 years of experience in procurement, transformation, change management, workplace strategy, business consulting and operational management.

Prior to joining Allianz, Oleh held senior positions for Pearson and Goldman Sachs in London, Groupe Rocher and L'Oréal in France and worked for management consultancy Accenture.

His procurement and consulting expertise spans financial services, operations and facilities management, real estate and property, business consulting, education, FMCG, packaging and automotive.

6. Katherine Gleeson – Chief Procurement Officer & Head of Corporate Real Estate and Location Strategy

Katherine Gleeson, Chief Procurement Officer & Head of Corporate Real Estate and Location Strategy at Barclays

Company: Barclays
Revenue: £25.37bn (Approx: US$33.18bn)
Employees: 100,000
Founded: 1690

Working for the likes of Goldman Sachs and JP Morgan Chase, Katherine's experienced career spans over 30 years. Today, Katherine is the CPO at Barclays where she is responsible for corporate real estate and location strategy, sourcing, third-party risk management, payments and diverse and sustainable supplier strategies.

5. Alf Noto, Chief Procurement Officer

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Company: Deutsche Bank
Revenue: €28.9bn (Approx: US$31.66bn) ​​​​​​
Employees: 90,130
Founded: 1870

An internationally experienced business leader, Alf has a proven track record of success in world-class B2C, manufacturing and supply chain environments, leading major change programmes. As CPO of Deutsche Bank for six years, Alf Noto has been instrumental in implementing sustainability initiatives in procurement, including making vendor sustainability ratings mandatory for large contracts.

4. Alisa Bornstein, Vice President and CPO

Alisa Bornstein, CPO, Visa Europe

Company: Visa Europe
Revenue: US$32.7bn
Employees: 28,800
Founded: 1958

Alisa Bornstein is a seasoned industry leader with more than 30 years of multicultural leadership experience. As CPO and VP of Sourcing at Visa Europe, she drives transformational change across 37 markets, focusing on value creation beyond cost savings. Alisa emphasises  ESG in supply chains, inclusivity and building global partnerships. Her career includes roles at Arm, IHS Towers, Millicom, Telia, BT and Ericsson. She's passionate about elevating procurement and creating opportunities for all.

3. Mary O'Connell, SVP, Global Supply Management & Chief Procurement Officer

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Company: American Express
Revenue: US$60.52bn
Employees: 74,600
Founded: 1850

Mary O'Connell is a results-oriented executive with extensive experience driving change and delivering quantifiable results across complex organisations. As CPO of American Express, she is responsible for sourcing, settlement and oversight of all goods and services procured through third parties. Her 25+ year career at American Express spans various management positions across diverse functions.

2. Barbara Kubicki, Chief Procurement Officer

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Company: Wells Fargo
Revenue: US$115.34bn
Employees: 197,000
Founded: 1929

Barbara Kubicki brings over 25 years of experience in supply chain management and global procurement operations to her role as CPO at Wells Fargo. She excels in building and managing strong global teams and forging effective cross-functional relationships. Her responsibilities include leading supply chain management, encompassing strategic sourcing, procure-to-pay, supplier diversity and third-party risk management functions.

1. Jim Connell, Chief Procurement Officer and Head of Global Supplier Services

Jim Connell, Chief Procurement Officer and Head of Global Supplier Services at JPMorgan Chase

Company: JPMorgan Chase
Revenue:  US$158.1bn
Employees: 309,926
Founded: 1799 (as Bank of the Manhattan Company)

For over 30 years, Jim Connell has been a key leader in procurement, guided by the principle that an inclusive supplier base reflecting the communities served generates wealth, creates jobs and drives economic growth.

His extensive experience has positioned him as an influential figure in shaping procurement strategies aligning with business objectives and social responsibility.


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