subscribe to our newsletter

Mutual bank appoints new CEO

A mutual bank has announced that it has appointed Greg McKenna as its new chief executive officer.

Police Bank, a mutual financial institution servicing the wider Police Community, has announced that it welcomed new chief executive officer Greg McKenna on 18 March.

According to the board, Mr McKenna has over 30 years of experience in banking and finance and has served Police Bank and the policing community in the past.

Mr McKenna was a non-executive director of the Police Bank board for six years between July 2012 and July 2018 and rejoined the bank as the chairman of the board in January 2019, where he was a key figure in refreshing the mutual bank’s strategy.

Earlier in his career, Mr McKenna held strategist roles at Westpac and NAB, as well as serving as treasurer for Newcastle Permanent Building Society.


The board noted that Mr McKenna’s experience in behavioural economics and finance, broad experience in banking and interest in technological change will help to support the future of the bank.

Peter Remfrey, acting board chair, said: “The board warmly welcomes Greg’s appointment as CEO.”

According to Mr Remfrey, the recruitment process attracted 125 applicants; however, it was Mr McKenna’s “deep understanding of the bank and most importantly his commitment to the police community” along with his “deep knowledge of Australian banking” that made him the “ideal candidate”.

“The board looks forward to continuing to work closely with him,” Mr Remfrey said.

Commenting on his appointment, Mr McKenna said: “Having grown up with family in the police force and having many friends who are serving police, it’s a privilege to be appointed the CEO of Police Bank, which has supported the force since 1964.  


“I have developed a strong personal bond with our community of members, and I look forward to building many more relationships with those men and women who are keeping our community functioning and safe”.

Mr McKenna continued: “It’s obviously a challenging time to become CEO of a community-based mutual bank. 

“But what better time to take the reins than when we have an opportunity to use banking technology and financial expertise to genuinely support our members and embrace the strength of our community by giving them the practical financial support, empowerment and service they deserve”.

Acting chair Peter Remfrey thanked Police Bank chief member officer Andrew Rasby for his leadership of the bank over the past four months while the board underwent the recruitment process.

[Related: Baird to exit NAB, interim replacement announced]

Mutual bank appoints new CEO

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! Work smarter, not harder, in 2022 and beyond, visit the website here to secure your ticket.

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

The government has been told to develop a complaints process for businesses that have been dumped by their banks, following accusations of a...

An Australian fintech has introduced a new self-service VOI product for the mortgages market. ...

With low interest rates and income support expected to soon disappear, the major bank has released a revised dwelling figure. ...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

Do you think APRA's bank buffer changes will see more borrowers use non-banks?

Website Notifications

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