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Commonwealth Bank appoints Group Executive Technology Services

22 February 2006

The Commonwealth Bank today announced the appointment of Michael Harte to the position of Group Executive, Technology Services.

The Bank’s Chief Executive Officer, Ralph Norris said, "I am delighted to be bringing onto my senior team an executive of the calibre, experience and skill of Michael Harte. Michael brings to the Bank a first class information technology background gained through senior positions in some of the world’s leading financial services companies".

In his new role, Michael will provide leadership in the development of the Bank’s technology area, including the implementation of a world-class technology strategy to ensure that the Commonwealth Bank’s technology solutions enhance the way the Bank interacts with its customers.

His most recent position is Executive Vice President and Chief Information Officer, PNC Financial Services, one of the world’s largest investment funds administrators, where he is responsible for Global Investment Solutions and Service Delivery.

Michael will commence duties with the Bank in April 2006.


For further information, please contact:

Bryan Fitzgerald
General Manager, Media
Commonwealth Bank of Australia
Telephone (02) 9378 2663

Biographical Note

Michael currently occupies the role of Executive Vice President and Chief Information Officer at PNC Financial Services, one of the largest investment fund administrators world-wide.

He is regarded by the investment community internationally as a leader in open systems architecture, investment management software and systems development. During his terms at Citigroup and PNC, teams led by Michael have been widely recognised, including winning awards with CIO Magazine, Information Week and CIO Insight.

Michael is actively engaged in business development and the transformation of business models to deliver integration and web services.

He has worked internationally in financial services, commodities trading and fast-moving consumer goods. He has strong experience in organisation and systems strategy, consolidation, integration and global systems deployment.

Michael was educated in New Zealand, Europe and the United States. He holds a Bachelor of Business Degree and a Diploma in Business. His post-graduate studies include Economics and a Master of Science in Systems with distinction from New York University. He is also working with the Centre for Information Systems at MIT, Cambridge on open systems and competitive advantage.