Powered by MOMENTUM MEDIA
subscribe to our newsletter

Former Suncorp chief joins Genworth board

The chairman of an ASX-listed LMI provider has this week announced changes to the company’s board of directors.

In a trading update on Monday, Genworth chairman Richard Grellman revealed that the group’s CEO, Georgette Nicholas, has been appointed managing director of the company, while former Suncorp Bank CEO David Foster has been appointed a non-executive director, effective immediately.

Ms Nicholas was appointed chief executive officer on 3 February this year.

“Georgette has extensive financial and mortgage insurance experience. Over a 30-year career, she has successfully navigated challenging economic and market environments and developed the strategic acumen and leadership capabilities that position her well to lead our business into the future,” Mr Grellman said.

“I am delighted to have someone with the depth of Georgette’s experience join the Genworth board.”

Advertisement
Advertisement

Mr Foster is a company director with extensive business and finance experience, particularly in the financial services sector. He is currently a non-executive director at Thorn Group Limited, G8 Education, Kina Securities Limited and Motorcycle Holdings Limited.

He has held a number of senior leadership roles at Westpac and Suncorp Group, including CEO of Suncorp Bank.

“David brings significant experience in the banking and mortgage industry and is an excellent cultural fit with the board,” Mr Grellman said.

“My fellow directors and I look forward to having him join us.”

[Related: Westpac exit could hold silver lining for Genworth]

PROMOTED CONTENT


Former Suncorp chief joins Genworth board
mortgagebusiness

Latest News

Banks are too reliant on regulatory oversight to do what is right for borrowers, the big four boss has said. ...

There has been a surge in Melbourne residents migrating to regional Victoria, and an uplift in new housing approvals in Geelong, new researc...

ASIC reported a significant increase in the number of ACL and AFSL applications it received in the past year due to licensing reforms, inclu...

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!

How long do you think it should take to discharge a mortgage?

Website Notifications

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