We have collected a series of articles and memories from the early days of I.T. / Data Processing in ANZ Bank which can be accessed from the links below. These will be added to over time so enjoy the memories.
The Midanz Story - 40 year anniversary by Eamon Veaney and Andrew Cornell via ANZ Bluenotes.At our February 2021 lunch some of our members volunteered to share their scary experiences when working as Bank Officers at ANZ Bank branches many years ago. Their stories are mixed with humour and the description of some trauma which occurred to them at the time.
We understand that the consequences of such events can result in long lasting effects to Officers concerned so would caution you to exercise your discretion before watching Ken, Noelene and Norris relay their stories.
We commend them for tackling this subject which while not as raw as it was at the time still carries some memories which they cannot erase.
“We saw a lot of each other and often had lunch together and on the weekends also played golf together. The rest is history - we were married in June 1971.”
Fay McPherson's storyANZ/ES&A MERGER 50th ANNIVERSARY – 1 OCTOBER 2020
BUT FIRST, A LITTLE BIT OF HISTORY
ANZ an Official History, written by David Merrett, was launched in 1985 – Chapter 11 covered events leading up to the merger. It was titled “MARRIAGE”.The following extracts from this chapter will awaken the memories of those who worked in each of the banks at that time and provide others with an interesting overview of the manoeuvrings and intrigue that preceded the eventual merger.
‘On 10 December 1968 the two banks finally announced that they were to wed. The excitement and drama of this statement disguised the fact that neither party was entering into the union with particularly strong conviction. The reasons that compelled the respective boards were essentially those that were mooted since the 1930s and were the basis for the birth of ANZ Bank (the merger of the Bank of Australasia and The Union Bank of Australia). They were primarily defensive. The impulse towards a merger came from the boards. Those few ANZ Bank executives who knew about the proposal were either non-committal or against it. The ES&A’s highest management was strongly opposed, so much so that they were able to scuttle the proposal when it was first raised in May 1966. However, the ES&A directors presented their executive with a fait accompli by deciding to merge even before the second round of negotiations began in April 1968’.
‘Unlike the Australasia and Union merger, this was no joining of equals; the ES&A was roughly half the size of ANZ Bank. The ES&A staff were fearful of the likely consequences of union, while in the event the staff of the ANZ Bank were resentful of what they saw as unwarranted concessions to the smaller organisation’.
The merged ANZ Banking Group Ltd began trading on 1 October 1970, 50 years ago.
We received a large number of responses to our request for members to send us anecdotes and experiences from the time of the Merger. Some of these were included in the September Newsletter, more are now included below, and we will include the remainder in November and December. Thank you all for your contributions.