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.

Advertisement
Advertisement

“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 multinational non-bank lender has commenced operation in Australia in a bid to disrupt the domestic market as it seeks to service unmet de...

Expected monetary policy adjustments in overseas markets could make it easier for banks to pass on cuts to the cash rate from the RBA, accor...

Michael Andrew, a renowned tax and business leader, has passed away. ...

FROM THE WEB
podcast

LATEST PODCAST: Broker share and Westpac U-turn

Do you think the banking royal commission recommendations could negatively impact competition in the mortgage market?

Website Notifications

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