Powered by MOMENTUM MEDIA
subscribe to our newsletter

Non-major makes board appointments

ME Bank has appointed two new members to its board following the retirement of its non-executive director.

The bank has appointed former Westpac executive John Arthur and AMP Capital executive David Atkin as non-executive directors, effective 1 January.

The appointments have followed the retirement of ME Bank non-executive director John Nesbitt after four years on the board.

Mr Arthur was previously the chief operating officer and head of group services at Westpac prior to his retirement in 2016. He was previously a non-executive director of businesses including Australian Funds Management, CSR, and Investa Property Group.

He is currently the chair of Sydney Metro.

Advertisement
Advertisement

Mr Atkin is deputy CEO of AMP Capital and was CEO of Cbus Super until his retirement from the role in 2020. He is currently the chair of SuperFriend.

He was previously a board member for the Association of Superannuation Funds of Australia (ASFA), Frontier Advisors, and Principles for Responsible Investment.

Commenting on the board appointments, ME Bank chairman James Evans said that he welcomes Mr Arthur and Mr Atkin to the board.

“John is a highly experienced and respected leader and comes to us with a wealth of banking and management experience,” Mr Evans said.

“In particular, his expertise in delivering improved customer experience for banking customers through tech and digital innovation and streamlining customer operations will be of significant value to ME.

PROMOTED CONTENT


Mr Evans added that Mr Atkin is “equally experienced and respected” in the financial services industry.

“He has a demonstrated track record of leading growth and transformation projects that create long-term sustainable value for customers and stakeholders, for some of Australia’s largest financial services businesses,” Mr Evans said.

“Both new appointees will bring decades of experience and leadership to the board and will add significant value as we continue to deliver on ME’s promise to help people get ahead, in what is a time of significant change for the banking industry in Australia.’’

Speaking about Mr Nesbitt’s retirement, Mr Evans said that he had served the board “with distinction”.

“The board and I would like to thank him for the significant contribution he has made,” he said.

“John’s expertise in finance and extensive knowledge of and experience in banking and financial services have been especially valuable as the Bank has navigated the considerable change in the industry and the operating environment.”

Mr Nesbitt previously held roles at Suncorp Group, including group chief financial officer, and CEO, Suncorp Banking and Wealth, and was previously the chairman and non-executive director of AMP Capital Funds Management Limited and AMP Capital Holdings Limited.

[Related: ME appoints new chair and directors]

Non-major makes board appointments
mortgagebusiness

Are you a new-to-industry broker in the process of growing your business? Then there’s some great news: The Adviser’s New Broker Academy is back in 2021 and will provide you with essential insights into cutting-edge tools, strategies and processes to fast-track to success. Don’t miss your chance to attend. To secure your FREE place, visit newbroker.com.au now!

Malavika Santhebennur

Malavika Santhebennur is the features editor on the mortgages titles at Momentum Media.

Before joining the team in 2019, Malavika held roles with Money Management and Benchmark Media. She has been writing about financial services for the past six years.

Latest News

The chief of Australia’s largest bank has said lenders should act pre-emptively and shift their floor rates for mortgage serviceability am...

Total household wealth reached a high of $13.4 trillion in the June quarter, primarily due to rising property prices, according to the Aust...

The property exchange settlement platform has been granted approval to establish an Electronic Lodgement Network in the ACT.  ...

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!

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.