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Another CIO heads for the door

Wikimedia image: Securities and Exchange Commission logo.

Thomas Bayer, CIO at the Securities and Exchange Commission, has announced that he will be leaving the agency in October.

In his more than three years as CIO, Bayer worked on efforts to move many of the SEC's core functions to the cloud, consolidate its data centers into two locations, lower the cost of IT systems and modernize SEC.gov.

Among some of his key initiatives, Bayer established the SEC’s Technology Center of Excellence to evaluate technology trends and how they can be leveraged for the agency. He also launched the “Working Smarter” program, which uses automated workflow and data visualization tools, and analytical systems for accountants, attorneys, analysts and other SEC staff, according to a release by the agency.

"Tom’s leadership and vision have had a tremendous impact that will continue to shape the SEC for years to come," SEC Chairwoman Mary Jo White said in a statement. "Tom's legacy will be an SEC that increasingly leverages technology to protect investors and strengthen our markets."

One of his other major initiatives was establishing a business information officer role at the SEC to link the IT and business side of the house and improve customer relations.

His resume is filled with some of the major national financial institutions like Capital One, and Citibank, but Bayer came to SEC in October 2010 from Maris Technology Advisors, where he was CEO for nearly three years. Before that he was COO and CTO at Brand Informatics.

Posted by Colby Hochmuth on Aug 21, 2014 at 7:26 AM


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Reader comments

Sat, Aug 30, 2014

Ask the VA how long this administration's secretaries take to backfill CIOs. To my friends over at SEC, think 2016 or so...

Mon, Aug 25, 2014

With the freeze on federal hiring showing no signs of letting up, I'm sure they will find a suitable replacement. And as an added bonus, his/her salary will continue to be frozen as a reward for a job well done.

Fri, Aug 22, 2014

He won't be missed - his style of being a bully and a meddler is coming to an end.

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