Vaughn Richtor, the chairman of RateSetter and former CEO of ING, is to join the board of Tasmanian-based lender MyState Ltd as a non-executive director in September.
Effective 1 September, Mr Richtor will become a non-executive director of the ASX-listed banking and wealth group, MyState Ltd.
Mr Richtor has more than 25 years of experience in the finance industry, with the vast majority of his career having been spent at ING.
He was at the helm when the digital bank first launched in Australia in 1999, and went on to become the CEO for ING Vysya Bank in India and the CEO for all ING banking activities in Asia (including Australia) as well as being the CEO of ING DIRECT.
He is currently the chairman of RateSetter in Australia and is a non-executive director of Thailand-based lender TMB Bank.
Speaking of the appointment, MyState chairman Miles Hampton commented: “We are very pleased to announce the appointment of Vaughn Richtor to the MyState board.
“Vaughn is the former CEO of ING DIRECT Australia where he led the successful establishment of arguably Australia’s pre-eminent digital bank.”
Mr Hampton added that the new board member would bring “significant banking and digital experience to the MyState board, having worked extensively within the industry in Australia and overseas”.
“[W]e look forward to his contribution,” he added.
[Related: Former bank CEO joins P2P lender]
Annie Kane is the editor of The Adviser and Mortgage Business.
As well as writing about the Australian broking industry, the mortgage market, financial regulation, fintechs and the wider lending landscape – Annie is also the host of the Elite Broker and In Focus podcasts and The Adviser Live webcasts.
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