Powered by MOMENTUM MEDIA
subscribe to our newsletter
Rural Bank chief steps down

Rural Bank chief steps down

Paul Hutchinson has resigned as CEO and managing director of Bendigo and Adelaide Bank’s wholly-owned subsidiary, Rural Bank.

Mr Hutchinson spent almost nine years with the lender where he contributed to the growth and prosperity of Australia’s agricultural sector and regional communities.

Bendigo and Adelaide Bank managing director, Mike Hirst said Mr Hutchinson’s leadership has helped the business become the largest Australia-owned specialist agricultural bank.

“Our rural business employs nearly 300 staff and services around 10.5 per cent of the national agricultural debt market with a loan book of approximately $5.5 billion,” he said.

Mr Hirst noted the board will embark on a rigorous recruitment process to find the best possible candidate to take over the role.

Mr Hutchinson will remain as Rural Banks’ CEO and managing director and continue to lead the business for a number of months to enable a smooth transition to his successor.

Rural Bank chief steps down
mortgagebusiness

Latest News

A major broking franchise has revised its revenue forecast for the 2019 financial year as a result of an expected 10 per cent fall in home l...

A consumer fintech has announced the launch of a $5 million capital raise to help fund its growth ambitions. ...

The CEO of a marketplace lender has suggested that while comprehensive credit reporting will benefit the finance industry, it will likely im...

FROM THE WEB
podcast

LATEST PODCAST: Unpacking the findings of the ACCC’s mortgage pricing report

Is enough being done to ensure responsible lending?