BOQ appoints new non-executive director

Mr Negus will replace Neil Berkett, who resigned from the board earlier this year, as Virgin Group’s nominated director on the BOQ board.

Chairman Roger Davis said that Mr Negus would make a valuable addition to the board for his extensive financial services background, having “more than 20 years’ experience in investment banking and domestic and international funds management”.

Mr Negus’ recent executive roles include CEO of Colonial First State Global Asset Management, CEO and co-founder of 452 Capital, and managing director of Goldman Sachs in Australia and overseas.

“His depth of experience and insights will be invaluable as we continue to implement our strategy against a backdrop of economic transition and an evolving regulatory environment,” said Mr Davis.

Mr Negus said that he was looking forward to being a member of the board, as well as all the “opportunities a bank with such a long history presents”.

“I am pleased to be joining one of Australia’s oldest banks and working alongside the board and management to deliver on BOQ’s strategic objectives,” he said.

[Related: BOQ recognised for low-risk mortgage strategy]