First ANZ CTO Announced
(7 February 2022 – Australia) ANZ has selected former chief architect Tim Hogarth to the newly created role of Chief Technology Officer (CTO).
Hogarth’s role includes driving improvements across engineering and further extending ANZ’s shift towards common technology platforms to ensure ANZ’s technology projects match the group’s strategic imperatives. As chief architect, Hogarth spent 18 months heading up ANZ's Centre of Excellence for architecture and engineering, maintaining applications and engineering standards. Preceding ANZ, Hogarth was the vice president for innovation framework strategies at TD Bank and spent a decade as head of customer engagement architecture and application platforms with CommBank.
Big Four competitor CommBank announced plans to recruit over 600 engineers into its technology team, bringing its total Australian workforce to 6400.
ANZ’s announcement follows the departure of ANZ Director of Sustainable Finance, Capital Markets, Andrew Brown, to RBC as Head of Corporate Debt Capital Markets (DCM), Australia.
Mr Hogarth will manage ANZ’s technology investments and strategies for continued growth while retaining his architecture duties and report to group executive of technology, Gerard Florian.
“In recent years Tim has helped us make great progress in further strengthening our architecture objectives and driving ongoing improvements in our engineering standards. This track record and Tim’s reputation for being thoughtful, engaging and enthusiastic about all aspects of technology make him a great fit for this new role. We are pleased to have Tim in the new role created to reflect the importance of technology leadership within my team and across ANZ more broadly” commented Mr Florian.
ANZ CEO Shayne Elliott has widely lamented lengthy loan approval turnaround times which senior management ascribes to ingrained systems limitations, a likely key area of focus for Mr Hogarth’s new CTO role.
“The challenge for the bank is in processing volumes, particularly in the broker channel. The loan assessment process takes a lot more time than it used to with the bank choosing to be extremely cautious and conservative. That means we take too long in assessing some of those applications, so we take too long doing it. And we didn’t have enough people doing that” Mr Elliott commented.
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