New tech chief for MLC ahead of NAB spin-out

Darren McKenzie to take top technology role as MLC Wealth prepares for separation from NAB

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Darren McKenzie, the chief operating officer UK and international for RSA insurance, will take on the top tech role at MLC Wealth in March.

McKenzie has been appointed chief technology and operations officer at MLC. He will report to MLC Wealth’s chief executive officer, Geoff Lloyd. Until the financial advice business is fully separated from NAB he will also report to the bank’s group chief technology and operations officer, Patrick Wright.

NAB had originally intended to complete spinning out its wealth business in 2019; the bank currently expects to spin out MLC 2020. (The bank in 2015 announced it would sell off most of its MLC life insurance business; MLC Life Insurance poached Reserve Bank CIO Sarv Girn to oversee its technology transformation.)

“Darren is a highly accomplished executive with more than 20 years’ experience defining and delivering strategic transformation across technology and operations in financial services organisations,” Lloyd said in a statement.

“He is well regarded as a strong leader with an ability to create long-term customer-focused solutions to complex business challenges.”

“As we continue to prepare for separation, Darren’s deep experience across technology and operations will enable us to deliver strong capability to support the business,” the CEO said.

At RSA Insurance, McKenzie led technology and operations in the UK and internationally, including the “the design and execution of a large-scale transformation program,” NAB said in a statement.

He’s also a former CIO, including overseeing IT for the consumer arm of Banco Santander and at Alliance & Leicester.

John Shipman has been acting as MLC’s chief technology and operations officer, on secondment from PwC Australia.

MLC Wealth has appointed a string of executives in the lead up to being spun out from NAB, including Andrew Morgan as chief commercial services officer and chief financial officer and Anthony Lane as chief operating officer.

Copyright © 2020 IDG Communications, Inc.

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