ANZ Bank has appointed Ron Spector as Managing Director, New Business, Emerging Technology and Ventures, reporting to Group Executive Digital Banking Maile Carnegie.

Currently based in San Francisco, Spector is a strategic innovation and venture advisor with more than 27 years’ international experience in financial services, retail and media industries.

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In his new role, Spector will be responsible for developing potential new business opportunities and disruptive technologies as well as investing in emerging growth companies to improve the products and services provided to customers.

Commenting on the appointment, Carnegie said, “Ron will lead a group-wide function to accelerate our efforts to make our customers’ lives simpler and find new, innovative opportunities to build a world-class digital bank.

“We’re confident this focus will open new markets for ANZ, while also improving the products and services we provide our customers.”

Prior to joining ANZ, Spector was CEO of Circini Innovation in San Francisco, CEO of Conferserv, and Senior VP of MediaZone. He was also a founding partner of Macquarie Technology Ventures and was US Head of Technology Investment Banking at Macquarie Group.

He will be based in Sydney from January 2018.

Back in June, Carnegie also appointed Jennifer Scott as General Manager Digital Transformation and Performance. In the newly created role, Scott will be responsible for the commercial delivery of ANZ’s digital banking strategy, including strategic partnerships to accelerate an innovative culture across the bank, to support ANZ’s overall strategic agenda.

As well as several digital hires, last month ANZ acquired Australian property start-up REALas, a property price predicting service, marking another step in ANZ’s digital transformation strategy.

In May, ANZ announced it is implementing the scaled agile approach to organising and delivering work within its Australian division to respond more quickly to changing consumer expectations.

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