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

The Senate Standing Committee on Economics is set to review short-term credit providers, payday lenders, consumer lease providers, “buy no...

Weaknesses in the government’s proposed open banking implementation plan could spark a “scaremongering” campaign, a fintech has warned...

The chairman of a regional bank has posed further questions about the rise in “shadow banks” driven by regulatory “constraints” impo...

FROM THE WEB

podcast

LATEST PODCAST: Emotional intelligence and its role in managerial structure

Is enough being done to ensure responsible lending?