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BOQ announces board change

Bank of Queensland (BOQ) has appointed a former Citi executive as its new non-executive director.

John Lorimer steps into the role with over 20 years’ experience in financial services, and has held executive roles in Australia, Asia and Europe.

Among his previous roles, Mr Lorimer was group head of finance as well as group head of regulatory risk and compliance for Standard Chartered Bank. He also held a number of retail banking management positions at Citigroup, and served as chairman of CAF Bank.

Mr Lorimer is currently a non-executive director of international healthcare group Bupa and UK asset manager for Aberdeen New Dawn Investment Trust PLC.

BOQ chairman Roger Davis said Mr Lorimer brings with him expertise in retail financial services, governance and oversight, and regulation and risk management.

“I am delighted to welcome John to the BOQ board. His considerable experience managing consumer financial services businesses around the world will be invaluable as our bank and the wider industry adapts to the rapidly changing competitive and regulatory environment,” Mr Davis said.

[Related: BOQ appoints new director]

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