ANZ’s CEO Embarks on Digital Banking Strategy Amidst Personnel Shakeup

The Australia and New Zealand Banking Group (ANZ) has embarked on a revamped personnel structuring and leadership, with plans for the group’s Chief Operating Officer (COO) Alistair Currie to step down later this year – in his stead, CIO Scott Collary will be assuming command of the role and all shared services at ANZ.

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The primary impetus behind the move will be to foster a direct technology reporting line to ANZ’s Chief Executive Officer (CEO) Shayne Elliott. Per the shakeup, the bank’s new structure will help reinforce a strategic technological role alongside its digital banking capabilities.

In addition, ANZ is shuffling other segments of its operations, culminating in divisional COOs assuming greater control over end-to-end control of customer processes as well as driving the next phase of productivity gains. As such, Deputy CEO Graham Hodges will assume the mantle of responsibility over group hubs, enterprise services, and group property. By extension, Nigel Dobson will take over wholesale digital strategy and Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term transformation, whereby reporting to ANZ’s digital banking lead, Maile Carnegie.

Despite having recently ascended to the role, Mr. Elliott has already publicly declared that his legacy will be the digital transformation of the Australian bank with the focus of his tenure dealing with the Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term and realization 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 Mr. Elliot in a recent 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."