The Bank of Sydney is on the hunt for a chief technology officer. The new CTO will be reporting to the bank’s CFO and will be responsible for leading and driving tech strategy. The bank opened its doors in 2001, and changed its name from Beirut Hellenic Bank – owned by Bank of Beirut, Lebanon back in 2013. According to a job ad posted on LinkedIn the CTO will direct the planning and implementation of enterprise IT systems, in support of business operations, to improve cost effectiveness, service quality and business development. The CTO will be required to guide the design of technology platforms, infrastructure and applications across Bank of Sydney’s global entities. The bank also wants the CTO to be able to: Lead IT strategic and operational planning to achieve business goals by creating/supporting new customer experiences by fostering innovation, prioritising IT initiatives and coordinating the evaluation, deployment and management of current and future IT systems across the organisation Identify opportunities for the appropriate and cost-effective investment of financial resources in IT systems and resources, including staffing, sourcing, purchasing and in-house development Assess, communicate and manage risks associated with IT investments. A spokesperson for the bank told CIO Australiathat it has an “ambitious growth strategy”, with a “focus on customer experience”. “The recruitment of a suitable CTO will allow us to find and implement game-changing technologies faster to further drive customer delight,” stated the spokesperson. “At this stage we can’t confirm whether this means a structural change throughout the IT department.” The spokesperson couldn’t confirm if this role will mean any changes to the current Nick Patsis, current CIO role at at Bank of Sydney. Related content brandpost Sponsored by FPT Software Time for New Partnership Paradigms to Be Future-fit By Veronica Lew Dec 06, 2023 5 mins Vendors and Providers brandpost Sponsored by BMC Why CIOs should prioritize AIOps in 2024 AIOps empowers IT to manage services by incorporating AI/ML into operations. By Jeff Miller Dec 06, 2023 3 mins IT Leadership opinion Generative AI in enterprises: LLM orchestration holds the key to success In the dynamic landscape of AI, LLMs represent a pivotal breakthrough. Unlike traditional AI, which demands frequent data updates, LLMs possess the ability to learn and adapt in real-time. This mirrors human learning and positions LLMs as essential f By Shail Khiyara Dec 06, 2023 10 mins Generative AI Artificial Intelligence brandpost Sponsored by Freshworks How gen AI is joining the holiday shopping season One year after the launch of ChatGPT, the retail industry is embracing generative AI to deliver a variety of benefits By Elliot Markowitz Dec 06, 2023 4 mins Generative AI Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe