subscribe to our newsletter
BOQ appoints new director

BOQ appoints new director

Bank of Queensland (BOQ) has appointed a former general manager of CBA and HSBC Bank Australia as its new non-executive director.

Karen Penrose joins BOQ with over 30 years’ experience in the finance and corporate sectors, including 20 years in banking with CBA and HSBC.

Ms Penrose is also a non-executive director of a number of other organisations including town planning company UrbanGrowth NSW, retail asset management group Vicinity Centres, and oil and gas exploration company AWE Limited.

BOQ chairman Roger Davis said Ms Penrose brings specialist knowledge in finance and capital markets, risk management and compliance to the bank’s board.

“Given how quickly the market is changing, it’s important that we continue to evolve as a board to ensure we have the appropriate mix of skills and experience to manage the significant responsibilities of an APRA-supervised financial institution,” he said.

“Karen is a highly experienced non-executive director and her extensive banking, finance and accounting skills will underpin her contribution to the board and its committees. We are delighted to welcome her to the BOQ board.”

Ms Penrose’s appointment is effective immediately.

[Related: Investor rate changes driven by margin, says BOQ chief]

BOQ appoints new director
mortgagebusiness logo

Latest News

The corporate regulator has issued guidance in relation to its oversight of a newly formed external dispute resolutions body, the Australian...

The federal government has announced the appointment of the inaugural chair of the National Housing Finance and Investment Corporation. ...

An alternative funder of residential property developments is confident that Australia’s banks will never again offer mezzanine funding fo...

Promoted Stories

podcast

LATEST PODCAST: How the market has changed in the last 25 years, royal commission hearings, broker advocacy

Do you expect access to credit to get harder this year?