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ME Bank announces new CEO

ME Bank has announced that its former CFO has been made the permanent CEO of the bank.

Adam Crane has been named as the ME Bank’s CEO on a permanent basis.

He has been acting chief executive officer (CEO) of the lender since July, following the resignation of former CEO Jamie McPhee.

Mr Crane was previously the bank’s chief financial officer and has held a range of senior financial roles in the banking and finance industry. Prior to joining ME Bank, Mr Crane was CFO of payments solution provider indue and spent more than 13 years at Suncorp, including as CFO of Suncorp Life.

Announcing Mr Crane’s appointment, James Evans, chairman of ME Bank, commented: “Adam has proven himself since taking over as acting CEO in July.

“It was a smooth and effective transition, and importantly, he has the respect of our employees, shareholders and stakeholders generally. 

“When Adam joined ME Bank as CFO in August, the CEO at the time and the board had succession planning in mind, as it always does with senior executive appointments.

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“Adam’s depth of experience across finance, strategy and digital transformation and his evident leadership skills made him the standout candidate at the time. 

“He again has proven to be the standout candidate for the role of CEO,” he said. 

Mr Crane commented: “I couldn’t be prouder to be appointed CEO of ME Bank. 

“ME Bank is the local success story of Australian banking. The original challenger bank, ME was created by Australian industry super funds, who could see that their customers deserved a better deal.  

“ME Bank’s track record of customer growth shows that this has struck a chord. People have embraced ME’s promise of simple banking products and easy-to-deal-with customer service. 

“I would like to thank our people for their support and for their tireless commitment to our customers during what continues to be challenging times. Our people remain crucial to ensuring ME’s resilience in difficult times and our ongoing success. 

“Being an Aussie success story is a matter of great pride for us.” 

Mr Crane’s appointment is effective immediately.

[Related: ME Bank CEO to step down]

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