subscribe to our newsletter

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

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. 

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

Latest News

Lenders have begun offering disaster relief packages for customers impacted by Tropical Cyclone Seroja in Western Australia. ...

Boutique lender Apickle has launched new finance product for SMEs using eftpos that enable them to borrow up to $200,000 without an asset se...

The federal government said it is pleased that higher confidence levels have led to a strong housing market but said that it is “keeping a...


Join a group of highly informed brokers.

Broker Pulse, a community-driven knowledge base of lender performance Reveal exactly which lenders are making life easiest for brokers and their clients by taking this monthly survey and joining a group of highly informed brokers who leverage these insights every month.


LATEST PODCAST: Tackling the home deposit challenge

Do you expect to see strong uptake of the HomeBuilder scheme?

Website Notifications

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