Former Billabong CIO takes on IT role at Heritage Bank

Heritage Bank recruits CIO to take on IT transformation program

Queensland’s Heritage Bank has created a chief information officer position, with the CIO to take on responsibility for IT operations following the departure of the bank’s general manager, technology.

The CIO position has been filled on an interim basis by Wayne Marchant, the former CIO at Billabong Australia.

The Toowoomba-headquartered mutual bank said that Dustin Lynch, the former GM, technology, departed in July. Marchant parted ways with Billabong in November.

The bank said that Marchant will “help implement a revamped structure for the IT department and create a transformational blueprint moving forward”.

“The decision recognises the importance that IT now plays in the banking sector,” a spokesperson for the bank told Computerworld Australia.

“We've appointed Wayne Marchant as the interim CIO to lead a revamp of our IT department and set out a framework for the future. We're not actively recruiting a permanent CIO just yet — our focus is on the revamp process at this stage.”

Heritage Bank today released its full year results for the 2015-16 financial year, with the bank reporting a pre-tax profit of $51.11 million, up 6.46 per cent on its $48.01 million FY15 results. After tax profit was $36.14 million.

“We will continue our program of investments in IT improvements to better position Heritage for the demands of the digital world we are now in,” the bank’s chairperson, Kerry Betros, said in a statement.

“This will enable us to continue to grow our loan book and our overall business.”

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