Project Description

Derek Oldham

Program Director

Areas Of Expertise:

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


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

About Derek Oldham

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 direct resources >100. Many have included extensive transformational change impacts to both staff and customers.

In addition, he has established and led EPMO’s and project portfolios with >100 projects across multiple industries. 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.
  • C-suite stakeholder management.
  • Ability to build and manage multi-disciplined high-performance teams.
  • Experience of both traditional and agile delivery methods.

Key Clients:

  • Iress
  • Colonial First State (CFS)
  • Zurich
  • Westpac
  • AMP
  • Healius (Primary) Healthcare
  • Optus
  • Alinta Energy
  • BT Financial Group
  • Temenos
  • First National Bank

Key Achievements:

As a Program/PMO Director at Iress Derek was involved in the establishment of a PMO for program Gilligan, their key strategic IT delivery vehicle. After undertaking a review of the program with the ELT and senior delivery executives, and presentation to of these findings to the Board, Derek subsequently implemented several key recommendations to improve their governance, reporting, delivery framework and financial management.

As Program Director at Colonial First State (CFS), following a sub-optimal performance result for MySuper in the FY21 APRA Superannuation performance test, Derek worked with a senior executive stakeholder group to successfully program manage the outsourcing of the investment portfolio to BlackRock, before also leading the broader Your Future Your Super Response program during the separation of Colonial from CBA.

As Program Director at Zurich Insurance, Derek worked on the OnePath Life (OPL) separation program after Zurich purchased the OPL insurance business from ANZ. Derek managed the new business program and migration of OPL policies across to Zurich, managing a team c180 resources and re-setting the program.

As Project and Program Director on Westpac Banking Group’s Responsible Lending Program, Derek was responsible for the delivery of >10 high priority projects/programs. He initially led the program management of four key projects/programs in the portfolio, whose success and benefit were formally acknowledged by the Westpac CEO and the CEO of Consumer Bank. He subsequently assumed the leadership of the overarching portfolio providing integration and portfolio leadership across multiple business divisions and holding direct delivery responsibility of multiple initiatives.

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

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 PMs 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 realization, 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 Optus, Derek performed multiple consulting roles related to the EPMO Establishment including an EPMO focused review of the Networks, Business and Wholesale Divisions, reviews of the Change Management and Business Analysis teams for incorporation into the Optus EPMO, QA reviews of several strategically important projects on behalf of Exco and providing expertise, governance, and design across multiple implementation streams.

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

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%.

As Program Manager at Westpac, Derek facilitated a Senior Executive Treasury 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 global implementation of core banking solutions across Europe, MEA, and APAC. He was responsible for the implementation of multiple large scale, strategically important projects at Temenos clients, as well as holding line and account management responsibilities.

At First National Bank (FNB), he held senior management roles in the Property Finance and Commercial Banking divisions. When the First Rand group was created by the merger of FNB and Rand Merchant Bank (RMB) Derek was one of several leads selected within FNB to work within the group to help facilitate the merger.

Other Team Members