Tim Whiteley, a former Westpac technology executive, has been named project director for the second phase of CHESS replacement, according to the Australian Securities Exchange.
The ASX shifted course on the CHESS replacement this morning, abandoning plans for a blockchain-based platform to support it and starting over with the solution design.
Without identifying the executive, it added that “a project director with substantial technological transformation experience has been appointed for the next phase of the CHESS replacement project.”
Later, Tim Whiteley, a former technology GM at Westpac, was announced to take on the position during an investor call.
Tim will report directly to me, said ASX managing director and CEO Helen Lofthouse. “Tim is a highly seasoned executive with a lot of expertise leading technology transformation in the financial services industry,” she said.
In order to move the project forward, Whiteley will initially concentrate on reviewing the CHESS replacement project’s solution architecture, creating new project governance structures, and selecting delivery partners. based on Lofthouse.
Whiteley previously served as group technology’s general manager of application development at Westpac before serving as general manager of the company’s customer service hub.
He spent almost seven years working for the “big four” bank before quitting at the beginning of 2022. Since then, he has provided advice to “ASX 200 and financial services organisations with technology-led transformation plans.”
Whiteley has previously worked as a project delivery expert and a long-time leader in technology for the CBA.
