ANZ To Hire 700 Employees For Its Tech Hub In Brisbane
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ANZ is planning to set up a major tech hub in Brisbane. The company’s regional expansion aligns with the plan to acquire Suncorp Bank. As part of the plan, the company plans to hire 700 employees with expertise in cloud, data, and digital offerings.
ANZ to hire 700 employees
ANZ has signed a deal with the Queensland Government for this offering. Besides these technology specialists, the company will also provide training for staff on matters such as cloud technologies. The training will be done in partnership with tech company Google. It will also work with universities across Queensland for research and training on technology offerings.
The chief executive officer at ANZ, Shayne Elliot, commented on the development saying that research had demonstrated that Queensland educated nearly a fifth of the IT students in the country. Still, it retains a small number of these specialists. Expanding the tech capabilities would therefore attract more talent in the field.
“Research shows Queensland educated almost one-fifth of the nation’s IT students yet has less than one seventh of its tech workers. ANZ’s tech hub will provide career opportunities to Queenslanders and create jobs, lift wages, and boost productivity,” Elliot said.
The agreement also aligns with the ongoing work by the Queensland and Federal governments to create capabilities for the workforce in Queensland. The offerings include developing a pipeline of technology talent needed for the future.
The acquisition of Suncorp Bank is also subject to various conditions, such as obtaining the necessary approvals from regulators such as the Australian Competition and Consumer Commission. The deal also needs approval from the Federal Treasurer and the Queensland legislative amendments.
Setting up a major tech hub in Brisbane
The agreement between ANZ and the State of Queensland will see ANZ commit to setting up a leading tech hub in Brisbane. This hub will support the growth of the tech industry in the state while opening up career opportunities for locals. It will also give ANZ a platform to continue offering innovative solutions to customers.
The agreement is the next step in the plans announced by ANZ to acquire Suncorp Bank. The commitments are conditional to the company closing the acquisition of Suncorp Bank. Besides the tech hub, the agreement also shows more commitments to the State of Queensland, such as lending commitments unveiled on July 18, 2022.
Research shows that Queensland educates many people in the tech industry, but this talent goes elsewhere because of the lack of career opportunities locally. ANZ is now planning to solve this issue with its planned expansion.
As aforementioned, the acquisition is subject to multiple conditions. However, ANZ is still planning to integrate Suncorp Bank into ANZ. It is also working on a joint transition plan, with the deal closure slated to happen during the second half of 2023.
