Powered by MOMENTUM MEDIA
the adviser logo
Lender

Regional bank announces MD replacement

by Reporter4 minute read
Regional bank announces MD replacement

A lender has announced a replacement for its long-serving managing director.

Bendigo and Adelaide Bank has announced that chief customer officer Marnie Baker will replace outgoing managing director Mike Hirst, effective 2 July 2018.

Since joining the bank in 1989, Ms Baker has held several roles, gaining experience in treasury, capital markets, technology and payments systems, digital strategy, retail banking and funds management.

“Marnie has been instrumental in driving the successful delivery of our customer-connected strategy which has delivered significant commercial and reputational value for the business,” chairman Robert Johanson said.

Advertisement
Advertisement

Ms Baker said that she was “extremely excited by the opportunity” to build on the lender’s market position.

“Working for and on behalf of all of our stakeholders — including our customers, shareholders, our people, partners and the community — and feeding into their prosperity has defined who we are for the past 160 years,” the new MD said.

“The current focus on trust and fairness for consumers plays to our strengths, and it presents us with a tremendous opportunity.”

Mr Johanson thanked outgoing managing director Mr Hirst for his “exceptional contribution” to the bank’s development in his 15 years of service.

“Mike was appointed in 2009, amidst the depths of the global financial crisis, and not long after the merger with Adelaide Bank,” the chairman said.

“He has been an outstanding leader and leaves the bank in great shape. Mike has helped build a business that is now the fifth biggest retail bank in Australia.”

Mr Hirst said that he was honoured to have worked at the bank and welcomed Ms Baker’s appointment.

“I’m very pleased that Marnie has been chosen as the new managing director. Her understanding of customers and the bank’s long history of its role in the community are real strengths,” the outgoing MD said.

Ms Baker joined Mr Johanson in thanking Mr Hirst for his contribution.

“It’s been a privilege working with Mike over his entire tenure at the bank. He’s been a great colleague and highly respected leader,” Ms Baker said.

[Related: Non-major announces third-party leadership changes]

newhandshake

JOIN THE DISCUSSION

You need to be a member to post comments. Register for free today

MORE FROM THE ADVISER

Stephen Hale ta

MFAA launches near-prime, specialist loan resource

Coined Finance for when your customer doesn’t fit the mould: A broker’s guide to near-prime and...

READ MORE
Daniel Newell Gedda

Specialist lender LoanU rebrands to Gedda

The personal and auto loan provider LoanU, which specialises in helping Australians with impaired credit histories...

READ MORE
tech tools

CBA introduces AI technology to combat scams

New figures released by the competition watchdog this week have revealed that Australians lost more than $2 billion...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more