Powered by MOMENTUM MEDIA
subscribe to our newsletter

Bank CFO resigns

Bank of Queensland's chief financial officer has resigned from his post to "pursue other leadership opportunities", effective October 2019.

BOQ chief financial officer, Matt Baxby will resign from the company following the release of its full year financial results in October 2019, and following the commencement of the new managing director and CEO, George Frazis. 

Mr Baxby has worked at BOQ since 2012 and was a leading figure in the bank's acquisition of Virgin Money.

While his notice period officially ends on 31 December 2019, a search for Mr Baxby's replacement is already underway. 

Speaking of the change, BOQ chairman Roger Davis said: “Matt has made a significant contribution during his seven years with the group, including six years as group executive retail banking and the past 12 months as chief financial officer.

Advertisement
Advertisement

“After almost 10 years at Virgin Group, Matt joined BOQ in 2012 and was instrumental in BOQ acquiring Virgin Money in 2013. Since the acquisition, Virgin Money has continued to grow and diversify its product offerings as a challenger brand.

"The board thanks Matt and wishes him all the best in the next chapter of his career,” Mr Davis concluded.

Meanwhile, Mr Baxby commented: “My time at BOQ has been incredibly rewarding and the highlights include overseeing the successful acquisition of Virgin Money, diversification by geography and channels of the retail bank, and more recently assuming the role of CFO to broaden my experience across the group."

The bank has seen several changes in its C-suite executives in the past few months.

Jon Sutton, BOQ's former CEO resigned last year following a heart operation, with interim CEO Anthony Rose taking over the leadership of the bank.

PROMOTED CONTENT


George Frazis – who was Westpac’s chief executive, consumer, before David Lindberg took over the role in April 2019 – will become the new managing director and CEO of BOQ from 5 September 2019.

[Related: BOQ announces new CEO and MD]

Bank CFO resigns
mortgagebusiness

If you’re feeling overworked and overwhelmed in this fast-paced mortgage market, it’s time to make some changes, and the Business Accelerator Program can help! Early bird tickets are on sale now. Work smarter, not harder, this year.

Annie Kane

Annie Kane is the editor of The Adviser and Mortgage Business.

As well as writing about the Australian broking industry, the mortgage market, financial regulation, fintechs and the wider lending landscape – Annie is also the host of the Elite Broker and In Focus podcasts and The Adviser Live webcasts. 

Contact Annie at: This email address is being protected from spambots. You need JavaScript enabled to view it.

Latest News

The effectiveness of the financial crimes regulator is set to go under the microscope in a new parliamentary inquiry. ...

Queensland has led the east coast for property sale settlements, beating Victoria for the first time in more than a decade, according to res...

The non-major bank has completed a $24.2-million capital raising from retail investors, as it has named a new board director. ...

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.