Commonwealth Bank CIO and group executive, enterprise services, Michael Harte has quit and will join Barclays Bank in London as its chief operations and technology officer in mid-2014.
Harte has overseen CommBank’s technology teams since joining in April 2006 as group executive of enterprise IT. He has also led most of the group’s operations teams since the expansion of the enterprise IT function into enterprise services five years ago.
In a statement to the ASX, CommBank CEO, Ian Narev, said under Harte’s leadership, the application of technology to financial services became a core strategic priority of the group. Among the biggest successes during Harte’s tenure was delivering the Core Banking Modernisation project.
About 1500 staff worked for nearly six years to replace the group’s legacy banking systems, he said.
Narev said an announcement regarding Harte’s replacement would be made in June. The search will focus on internal candidates.
“Technology is a core strategic priority of the group, and I am very pleased that we have a strong pool of internal candidates who will provide strategic continuity, and also lead us through the next phase of our technology and operations innovation, while maintaining on-going focus on security and resilience,” he said.
Harte was placed 98th in the recent list of Australia’s top 100 richest ASX-listed bosses this year.