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BOQ appoints new CFO, COO

The non-major has appointed a new chief financial officer and chief operating officer, following the announcement of Matt Baxby’s resignation in June.

The Bank of Queensland (BOQ) has announced the appointment of Ewen Stafford as the bank’s new chief financial officer and chief operating officer, subject to regulatory approvals.

Current CFO Matt Baxby announced his resignation from the role in June, in order to “pursue other leadership opportunities”.

Mr Baxby is due to step down from his role on 31 October 2019, while Mr Stafford’s commencement date is yet to be announced.

Racheal Kellaway, deputy CFO, will act as interim CFO until Mr Stafford’s commencement.


Commenting on the announcement, BOQ managing director and CEO George Frazis said, “We are excited to secure someone of Ewen’s calibre and capability. 

“He brings more than 30 years’ of corporate experience across finance, operations, strategy and has also delivered some complex transformation programs.”

“He will undoubtedly be a great asset during BOQ’s own transformation.”

Mr Frazis commented on Mr Stafford’s appointment to both CFO and COO of the bank, in light of his experience in both arenas.

“Ewen’s unique skillset of both financial management and operations means we can combine the chief financial officer and chief operating officer roles,” he said.


“Finance and operations are very closely aligned, so I am delighted to find someone who knows both well.”

Mr Frazis concluded: “I would also like to thank Matt Baxby, our departing chief financial officer, for his significant contribution over the past seven years with the group, and for his continued support during the recent leadership transition period.”

Mr Stafford commented: “I am looking forward to taking on the role of chief financial officer and chief operating officer. 

“This is a unique opportunity to combine my previous experience in finance, operations and strategy.

“BOQ, under George’s leadership, is on an exciting journey of transformation and I am looking forward to being part of this.”

[Related: Bank CFO resigns]

BOQ appoints new CFO, COO

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Hannah Dowling

Hannah Dowling is a journalist for mortgage business, the leading source of news, opinion and strategy for professionals working in the mortgage industry.

Prior to joining the team at Mortgage Business, Hannah worked as a content producer for a podcast catering to property investors. She also spent 6 years working in the real estate sector at a local agency. 

Hannah graduated from Macquarie University with a Bachelor of Media and Journalism. 

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