New CIO to boost transformation
Australia’s biggest bank has announced a change to its executive leadership team as it continues to drive the delivery of digital experiences and technology.
Commonwealth Bank of Australia group executive, technology and group chief information officer Pascal Boillat will leave the bank in mid-November. HSBC’s global CIO, wealth and personal banking, Gavin Munroe (pictured above right), has been named as Boillat’s replacement.
With over 20 years’ experience in financial services technology, Munroe is currently responsible for technology across HSBC’s wealth, private banking, insurance, retail and digital businesses. He has a Bachelor of Science degree, with dual majors in computer science and physics, from the University of Port Elizabeth, South Africa.
Prior to HSBC, Munroe worked for Bank of America Merrill Lynch, where he headed technology for mortgage and ops, wealth management and consumer products. He has held leadership roles at Morgan Stanley and Wachovia, and was the former managing director - Asia Pacific for Synechron, a specialist provider of business technology solutions for capital markets, insurance and mortgage banking.
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CBA chief executive Matt Comyn (pictured above left) acknowledged Gavin’s significant experience driving digital transformations.
“Gavin has a proven track record of delivering technology solutions at a global scale, managing and building strong teams, and leading large programs aligned to business strategies and goals. I look forward to working alongside Gavin to continue delivering global best digital experiences for our customers.”
Boillat, who is returning to the Northern Hemisphere to be closer to family, has consistently focused on ensuring CBA’s technology was resilient, safe, sound and secure, Comyn said. He helped to oversee major IT upgrades, introduced modern applications, simplified and decommissioned old technology, and accelerated the shift to the public cloud, he said.
Comyn said Boillat also led the digitisation and IT investments that would further deliver on the bank’s strategy to build “tomorrow’s bank today” for CBA customers.
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“During his tenure, Pascal established a very strong leadership team, as well as further developed and grown engineering talent and capability at CBA. My leadership team and I have enjoyed working with Pascal and have benefited from his global technology experience. We wish Pascal all the best for the future,” Comyn said.
Subject to meeting regulatory requirements, Munroe will join CBA on November 14, 2022.
