St George CIO moves into financial advisory role

Lobenstein cuts short June retirement

Former St George CIO John Loebenstein has taken an advisory role for wealth management services firm Bravura solutions.

Loebenstien was CIO at the St George Bank for 12 years until announcing his retirement in June this year.

He was elected as a non-executive director for the board after announcing he was leaving the CIO post to retire

Lobenstein oversaw IT projects including the merger and IT integration of Advance Bank and Bank SA with St.George and management of the bank's Y2K, GST and Best Bank projects.

Lobenstien said he joined the company because it represented a strong cultural fit.

"I'm delighted to join the Board of Bravura. The company's growth record, strong revenue figures in 2007 and culture of innovation have been fundamental to its success within the financial services sector," he said.

"I look forward to assisting Bravura to deliver outstanding results for customers and increasing shareholder value."

Bravura chairman Chris Ryan said the company was looking forward to recruiting the experienced CIO.

"We are delighted to have one of Australia's highest profile CIOs and IT thought leaders on our Board of Directors," Ryan said.

"John's ability to create and lead high performing teams, and his track record of delivering sustainable customer and shareholder outcomes, have made him an obvious choice for Bravura.

"John is a 25 year IT industry veteran with an international career spanning South Africa, the United Kingdom and Australia."

Loebenstein was also director of Cashcard Limited, where he oversaw the company's integration into St.George.

Loebenstein was a former member of the Microsoft global executive roundtable board from 1998 to 2001 and a member of the Novell advisory board from 2005 to 2007.

He will commence his role on November 29, 2007.

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