ANZ Bank in management shakeup
(9 September 2016 – Australia) The Australia and New Zealand Banking Group (ANZ) has announced that it is revamping its leadership group, with plans for Alistair Curry, its Chief Operating Officer (COO) to step down later this year.
The role and all shared services at the bank will be taken over by current Chief Information Officer, Scott Collary.
Following the move, the bank will have a more direct reporting route between its technology division and CEO Shayne Elliott. Per the shakeup, the bank’s new structure will help reinforce a strategic technological role alongside its digital banking capabilities.
ANZ is also reorganising other parts of the company which will see divisional COOs taking greater responsibility over end-to-end control of customer processes as well as driving the next phase of productivity gains.
Deputy CEO Graham Hodges will assume responsibility over group hubs, enterprise services, and group property. Nigel Dobson will take over wholesale digital strategy and payments transformation, whereby reporting to ANZ’s digital banking lead, Maile Carnegie.
ANZ’s CEO has previously highlighted to leave a ‘digital transformation’ legacy at the bank, with the focus of his appointment dealing with the execution and realisation of this trend. He has since shaken up senior management as well as carving out an entirely new role for ANZ’s digital banking group executive.
According to Elliot in a statement on the restructuring: “These changes to our operating model better support ANZ’s strategic priorities and allow us to build on the significant progress that has been made in recent years in Technology, Operations and Shared Services.”
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