Former Westpac CIO joins EDS To Run Asia and Global Financial Services

Michael Coomer, who until recently was CIO of Westpac in , was today revealed as the new EDS global head of financial services and of Asia .

Both are full roles on their own. Running a global vertical from which makes up about 3% o global financial markets will be a tough call, and naturally enough require a life spent on a plane. It is not unique other vendors have had global business unit leads from Australia for vertical or business offerings, David Hunter, who ran Government at Accenture in my time there is one from memory, but it is very difficult geographically. Naturally both Coomer and EDS are aware of this, but it does add a degree of difficulty.

Secondly it is reported that Michael will be running Asia for EDS. What Asia actually is for EDS is up to interpretation. They have 3 regions in Asia India (driven through Mphasis), and , and North Asia (ASEAN, Greater China, Japan Korea). Asia has been very tough for EDS, particularly , and . Integration of this as a region has been tried before, John Dowd in about 2004 also lasted about a month as head of China with a CEO reporting line, additionally LG managed to get  a lot more from EDS than EDS appreciated in EDS's first attempt at a JV in Korea; LG-EDS. This highlights some of the uncertainty and mis-adventure that EDS has had in North Asia . So the challenge of Asia remains for EDS and for Michael Coomer to now integrate and best leverage the installed capabilities, global delivery and emerging opportunities.

From the Westpac and NAB historical perspective, this appointment maybe a key concern for IBM moving forward. With a change in the CEO at Westpac about to transition, the challenge for IBM will be to gain continuity in relationships with Westpac as the Westpac renewal for outsourcing develops.  It is highly unlikely that in 2010, IBM will get a 10 year $4Billion deal from Westpac that it got in 2000. EDS clearly sees that it is a chance of getting a significant portion of this engagement on the back of its engagement in the mortgage processing space. It might end up another GM renewal, interesting as a sideline observer, painful as a potential provider.

26. October 2007 10:00 by Phil | Comments (0) | Permalink

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