A brand new financial institution shaped by the merger of Heritage Financial institution and Individuals’s Alternative Credit score Union can have Andy Weir as its chief info officer.
Weir is presently CIO of Individuals’s Alternative Credit score Union, a task he has held for the previous six months. He’ll transfer to steer know-how for each entities in March 2023.
The 2 organizations are merging to create “a new national mutual that acts as a counterbalance to the massive nationwide banks” and have become the “eighth largest Australian home financial institution” in line with Heritage Financial institution CEO Peter Lock.
It is anticipated that the merged group will proceed to function the Individuals’s Alternative and Heritage manufacturers for a interval, earlier than transferring to a single new model in 2024.
Individuals’s Alternative chief govt Steve Laidlaw stated Weir “established himself as an distinctive chief and a powerful advocate for our values ​​as a member-owned group.”
“All through an in depth recruitment course of he stood out as the best particular person to information us by means of our subsequent, essential section – bringing collectively our two IT programs and groups,” Laidlaw stated.
Weir added he was “thrilled” to step into the function “at such an thrilling time”.
“The merger with Heritage will create a major new main nationwide monetary providers group, offering a real different to the key banks,” Weir stated.
“Know-how can be key to the profitable supply of our new group’s technique, as we search to create main digital experiences for our members.
“Whereas there is a important quantity of labor to do to convey our know-how collectively, we’re not merely going to merge present programs, we’ll additionally create new and improved know-how platforms for the advantage of our members.
“It is a unbelievable problem,” Weir stated.
At this stage, it’s unclear what is going to change into of present Heritage Financial institution CIO Wayne Marchant’s place, which he has held for roughly six years.
“The organizational construction beneath the chief stage is presently being developed, however has not but been finalized, so we’re unable to touch upon additional appointments at this stage,” a Heritage spokesperson instructed iTnews.
Each entities already share some widespread core system decisions and know-how underpinnings.
Lock stated the merger “can be an important IT marriage that can considerably get monetary savings for the group and its members.”
He added an “IT bridge” can be applied between the 2 organizations’ programs so members can proceed to financial institution seamlessly.
