20 January 2018
visit http://response.ncr.com

Westpac hires McKinnon as new head of restructured IT group

17 July 2008  |  7360 views  |  0 Westpac logo

Australia's Westpac has hired former Commonwealth Bank CIO Bob McKinnon to lead a newly restructured technology division.

McKinnon replaces Simon McNamara, who left the bank on Friday to take up a position with Standard Chartered in Singapore. McKinnon, who previously held the CIO role at Commonwealth Bank of Australia from 2001 to 2006, will head up a new technology division announced as part of a wider organisational restructure.

CEO Gail Kelly today announced that the bank's consumer facing and business banking divisions would be merged into a single group. A new division called Product and Operations has also been created to bring together all consumer and business product development, management and operations. And the former Business Technology Solutions and Services (BTSS) will be disbanded and a new dedicated technology division has been created, with McKinnon as group executive. He will join Westpac on August 18, 2008, while former BTSS head Diane Sias will remain in a transition role until September.

“We have identified the need to enhance our customer segmentation capabilities, and to significantly strengthen our consumer and business banking distribution by building strong, locally empowered businesses," said Kelly.

“A further key priority is to redesign our product processes and our operations to make it easier for our customers to do business with us. Robust technology capability both in the short and long run is also a priority. The organisational changes being announced today are designed to align our operating model with this strategic agenda.”

The changes will be effective from Monday 21 July 2008.

KeywordsPEOPLE

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Westpac exits The Trust Centre

Westpac exits The Trust Centre

27 November 2007  |  8223 views  |  0 comments
Westpac sues former customer after A$11m account 'mistake'

Westpac sues former customer after A$11m account 'mistake'

21 August 2007  |  5297 views  |  0 comments
Westpac cancels cards after security scare

Westpac cancels cards after security scare

19 July 2007  |  9544 views  |  0 comments
Westpac names Diane Sias new tech chief

Westpac names Diane Sias new tech chief

09 July 2007  |  6884 views  |  0 comments

Related company news

 

Related company information

Standard Chartered Bank

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.thomsonreuters.infovisit www.ebaday.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
12237 views comments | 33 tweets | 38 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
7547 views comments | 11 tweets | 12 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
7417 views comments | 14 tweets | 14 linkedin
hands typing furiouslyFintech Adoption is About People, Not Tech
6650 views 1 | 6 tweets | 2 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job