Powered by MOMENTUM MEDIA
subscribe to our newsletter

Bank CEO announces resignation

The managing director and chief executive officer of MyState Ltd has announced his resignation and is to leave the company in July 2020, the bank has confirmed.

The Tasmania-based banking and wealth management group MyState Ltd (MyState) has revealed that its managing director and CEO, Melos Sulicich, has advised the board of his decision to resign and will be leaving the company in July 2020, in accordance with his contract.

According to Mr Sulicich, who first joined the company in 2014, the decision has been spurred by the wish to move from Tasmania back to Sydney for personal reasons.

In a statement, Mr Sulicich said: “After almost six years living away from my family in Sydney, I have made a personal decision to return home permanently. It has been a privilege to be the managing director and CEO of MyState, and I am proud of the transformation achieved during my time with the company.

“We are a significantly different business now and have created a banking and wealth management business that is well set for the future. I believe the time is now right to let someone else take the business into its next phase of growth and development.

Advertisement
Advertisement

“I would like to take the opportunity to express my appreciation and thanks to the entire MyState staff and board for their commitment, dedication and support. We have a high-calibre team and board that is well positioned to build on the momentum of the strategic program of work and the achievements made to date.” 

Miles Hampton, the chairman of MyState’s board, said Mr Sulicich has provided outstanding leadership, adding that the board was appreciative of “the commitment he has brought to the business and wish him well”.

Mr Hampton commented: “Melos has overseen a period of substantial growth, with the banking loan book doubling to in excess of $5 billion. At the same time, Melos has led the digital transformation of the business, with MyState now rapidly growing its customer base and loan book across mainland Australia.

“But perhaps most significantly, Mr Sulicich has successfully led us through a very challenging period for the banking industry in Australia. Customer satisfaction measures clearly indicate that we have a culture where the interests of our customers are paramount.”

Mr Hampton said that the company will shortly commence the process to appoint a new managing director and CEO.

PROMOTED CONTENT


[Related: MyState appoints interim CFO]

Bank CEO announces resignation
mortgagebusiness

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

Providing more efficient loan approvals is “within the control of the lenders” and does not require changes to the law, according to Mon...

The chief executive of CBA has called for more regulation for the buy now, pay later market, outlining that some players have now outgrown ...

NAB chief executive Ross McEwan has urged state governments to speed up the development of land for residential construction to ease pressu...

FROM THE WEB

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.

JOIN NOW
podcast

LATEST PODCAST: Citi’s exit and bank turnaround time disparities

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.