Bendigo and Adelaide Bank Limited (Bendigo and Adelaide Bank) has announced that Andrew Morgan will be its next chief financial, following current CFO Travis Crouch’s decision to step down from his current role.
As per the non-major banking group, Mr Crouch’s decision was based on a wish to “spend more time with his young family”.
He will remain with the group as deputy CFO.
Mr Morgan is expected to commence his time with the non-major bank sometime in June this year, and is said to bring more than 30 years of experience to the position.
His most recent role was as the CFO of Commonwealth Bank superannuation business Colonial First State, which he began in July 2021.
Prior to this, he was the CFO of MLC Australia from 2019 to 2020, as well as the CFO of Commonwealth Bank’s wealth management arm from 2015 to 2019.
Bendigo and Adelaide Bank chief executive and managing director Marnie Baker commented that the group is “pleased to appoint someone of Andrew’s calibre to the role of CFO”.
“His experience and understanding of the banking landscape will help us to execute our strategy and become a bigger, better and stronger bank,” she said.
“After more than 20 years at Bendigo and Adelaide Bank, Travis is a highly regarded member of the executive team. We support Travis in his decision to spend more with his family and believe the arrangement is a win-win for the bank.”
The news follows Bendigo and Adelaide Bank confirming Bruce Speirs as its chief operating officer earlier this year, and that former ANZ Trustees non-executive Victoria Weekes would be joining as a non-executive director.