ANZ appointed a Silicon Valley executive to lead its new business, emerging tech and ventures unit.

Ron Spector joins the Melbourne-based bank as managing director, new business, emerging technology and ventures. Spector will join the firm in January 2018 and will report to group executive Digital Banking, Maile Carnegie.

Prior to joining ANZ, Spector was CEO of Circini Innovation in San Francisco, CEO of Conferserv, and senior vice president of MediaZone. He was also a founding partner of Macquarie Technology Ventures and was U.S. head of technology investment banking at Macquarie Group.

In the newly created position he will have responsibility for developing new business opportunities and disruptive technologies as well as investing in emerging companies to improve the products and services provided to customers.