Powered by MOMENTUM MEDIA
subscribe to our newsletter

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.

Advertisement
Advertisement

PROMOTED CONTENT


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

The cash rate for the last month of 2021 has been confirmed, as analysts continue to speculate on when it will move next. ...

The big four bank has revealed plans to purchase a personal finance management platform from AMP, with plans to integrate the tool into its ...

The federal Treasurer has expressed concerns at the housing market running hot, but he is not sure if APRA will take further lending interve...

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.