Project Description

Derek Oldham

Derek Oldham

Program Director

Areas Of Expertise:

  • Program Management
  • Banking and Finance
  • Health
  • Energy
  • IT enabled Business Transformation
  • Regulatory Change
  • Global implementation experience


  • Master’s Degree in Business Administration, University of Wales
  • PMP Accredited and PMI Member
  • Agile PM – Practitioner

About Derek

Derek is a highly experienced, outcomes focused Program Director who is well equipped to lead complex and challenging programs and portfolios across Business and IT. He has managed numerous projects and programs over 10 countries, with budgets >$50m and teams >100. Many have included extensive transformational change impacts to both staff and customers.

Prior to joining Seven Consulting, Derek held Project and Program Director roles at Westpac Banking Group and Temenos Banking Solutions.

What Derek brings

  • A seasoned program director with a proven track record of delivery.
  • An understanding of business transformation including the strategic, people, process and technology aspects of the change.
  • Executive stakeholder management to GM level.
  • Ability to build and manage multi-disciplined high-performance teams.
  • Experience of both traditional and agile delivery methods.

Key Clients:

  • AMP
  • Healius (Primary) Healthcare
  • Westpac Banking Group – Westpac, WIB, BTFG, St George, RAMS, Bank SA, BOM
  • Temenos – Merrill Lynch, Credit Suisse, Schroders, BSTM, Bank Leumi
  • First National Bank

Key Achievements:

As Program Director at AMP, Derek managed the development and successful implementation of a Portfolio Governance solution across three portfolios for circa ~130 projects / budget ~$100M+ / ~10 Head of’s and 30 PM’s for the Group Technology, Cyber and Data business unit. Portfolio governance reporting included metrics on status, financials, RAID and risk posture, strategic alignment of initiatives, benefits realisation, change/cost control and portfolio roadmap.

As Head of IT Projects and Solution Delivery at Healius Healthcare (formerly Primary), Derek was responsible for design and delivery of circa 50 IT projects across the business. His role also included responsibility for level 2 Application support. When Healius later decided to disaggregate the shared IT services model, he worked closely with the GE Technology and Innovation, CTO, CISO, and HO IT Operations to provide advice, planning and management of the transition of IT services and processes back into the business units.

As Program Director at Alinta Energy, Derek undertook an as-is review of the organisations Enterprise PMO (EPMO) capability, developing short, medium and long term prioritised recommendations to fully establish this function across the portfolio.

As Project and Program Director at Westpac Banking Group’ >$100m Responsible Lending program, Derek was responsible for the delivery of high priority projects to address identified organisational gaps. On Phase 1, Derek was responsible for the program management of the four key projects in the program, whose success and benefit were formally acknowledged by the Westpac CEO and the Chief Executive of Consumer Bank. On Phase 2 Derek assumed the leadership of the overarching portfolio providing integration and portfolio leadership across multiple business divisions including direct delivery responsibility of multiple initiatives.

As Project/Program Director at Westpac Banking Group, Derek delivered programs within the Efficient Customer Establishment Portfolio, a group wide regulatory change focused Portfolio. Derek delivered $165m of customer focused programs across the enterprise including programs for the Westpac, St George, BT Financial Group and Institutional Bank brands.

As Program Manager at BT Financial Group, Derek led the distribution across 1st and 3rd party channels for BT Super for Life a low-cost superannuation product, which exceeded the business case benefits by 160%.

At Westpac, Derek worked closely with Treasury and facilitated a Senior Executive Working group tasked to enable urgent removal of short-term liquidity risk. This was successfully achieved by the identification and securitization of $2.3BN worth of mortgages prior to the deadline.

As Project Manager and Director at Temenos, Derek’s focus was on the implementation of core banking solutions globally managing multiple projects and teams to 60 resources across Europe, MEA and APAC.

At First National Bank (FNB), Derek held senior roles in the Property Finance and Commercial banking divisions. He was selected and trained as a strategy consultant to participate in the RMB/FNB merger, and participation in the Banks executive development program.

Other Team Members