news Months after it kicked off a major reshuffle of its IT executives, the National Australia Bank has finally firmed up the technology management team that will lead the institution through a massive Oracle systems upgrade that’s expected to be completed by 2016.
That upgrade is the final element of a systems modernisation project first announced by the NAB back in 2008 and initially funded to the tune of $30m. The bank has been working with Oracle to overhaul its total banking technology solution, with the UBank online brand to be progressively migrated onto the new platform in the near future.
Despite the bank’s wins around the UBank component of the migration, new CIO Denis McGee – who came out of a major executive reshuffle last November as chief technology officer after previously serving as general manager for application development and testing – will have to hit the ground running to maintain enough momentum to his upcoming functionality targets through 2016.
By 2014, the NAB will be looking to migrate its consumer customers onto the Oracle platform, with business customers to follow by 2016 – when any remaining legacy systems are expected to be decommissioned.
McGee’s appointment as CIO, which was originally reported by iTnews, will be complemented by the efforts of previous CIO Adam Bennett, who is now executive general manager of enterprise transformation and is managing the bank’s NextGen transformation program, enterprise architecture and enterprise project services.
As if the reshuffling in the CIO’s office wasn’t enough, the reporting structure for both Bennett and McGee also recently changed, after Gavin Slater – previously group executive of group business services – was moved into a personal banking position. Bennett and McGee, who both previously reported to Slater, now report to Lisa Gray, group executive for enterprise services and transformation.
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