What if I require a PM to implement a project based on Basel III framework for compliance with global financial stability, with emphasis on capital market; capital adequacy ratio and liquidity. Prior exposure to repurchase agreements highly regarded. The will have to be comfortable interacting with senior management from bank, regulatory commission, with SEC and Treasury. Some interactions with EU counterparts required.
Would that result in an I.T. project? Oh yes, a few, they may even have project plans that report to a master project plan
Would you be comfortable sitting in a conference room meeting with these people, talking a language you probably don't understand? Would you be productive writing reams of project reports? If not, then leave that to the PMs.
That said, what you want is a technical PM specializing in I.T. projects. That may be the career stream you are looking for, and I have seen quite a few of those. Yes, it helped that these PMs understand tech, perhaps was a techie. But you still have to deal with people, talk with them, communicate.