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MyState welcomes new leaders

A new chief and chair are set to steer Tassie lender MyState into its next chapter from the end of this week.

After nine years at the helm, MyState Limited board chair Miles Hampton today (31 March) marks his last day in the leadership position.

Mr Hampton will hand over the keys to incoming chair Vaughn Richtor, who has been a non-executive director of MyState since 2019, on Friday (1 April 2022).

Mr Richtor said he was grateful to former chair Mr Hampton and former MyState managing director and chief executive Melos Sulicich for transforming the business into a “scalable challenger bank and wealth management business”.

“Miles has been chairman of MyState for nine years. He leaves MyState in terrific shape by honouring its past and steering us towards a digital banking future, Mr Richtor said.

“Today we have a sharp, customer-centric focus with technology that sets us apart from most in the industry.

“I’ve joined MyState because I’ve always been drawn to transformation and change. I see an organisation that has worked hard to get the operational and technical platform in place, with a rich culture and great home base in Tasmania.”

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Mr Richtor previously held CEO roles in Asia and was the foundation CEO of challenger bank ING Direct Australia.

It comes after the bank recently appointed managing director and CEO Brett Morgan to lead the bank, following his transition from CEO of banking and wholesale at BNK Banking Corporation.

Outgoing chair Mr Hampton said he felt “very confident” handing over the reins to the new leaders.

“In May 2021 we announced a major initiative to grow our banking and funds management businesses, and the experience that Vaughn and Brett bring is exactly what is needed to drive that growth,” Mr Hampton said.

[Related: New leader to guide MyState into battle]

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