Vilmos Lorincz, managing director, data products, Lloyds Banking Group

What has been your path to power?

I started to work at a thinktank while studying economics at uni and co-founded a consultancy focusing on the future of the internet. We helped  telecomms, bigtechs and the Hungarian government with research, data, analytics and insights on topics like broadband infrastructure, mobile, information society, e-commerce and new business models. Ten years and many many projects later, I wanted to see more of the world, so I did an MBA here in London and following that a truly globetrotting product development and pricing job with a mobile operator.

I joined Lloyds at a time when all “my” topics started to become increasingly relevant in banking and for the first few years I stayed in the strategy space to create value and learnt as much as I could about the business. As digital transformation kept accelerating, it boosted the development of new data technologies, triggered regulations and created challenges that allowed me to broaden my data domain experience. I much enjoyed contributing to the delivery of GDPR compliance, the transformation of the enterprise-level data services function and all the great collaboration work with our chief data office on data strategy, management and culture. When the opportunity to build a completely new line of business came up, I jumped at it.

I feel I’ve already had a thrilling journey from entrepreneurship to intrapreneurship and it took me to places across continents I would have never imagined. The most exciting thing is that for all things data, we are just getting to the end of the beginning.