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Bank of Sydney appoints CEO

by Staff Reporter10 minute read
The Adviser

Staff Reporter

A former Westpac executive has been appointed to the role of CEO at the newly-launched Bank of Sydney.

Yesterday, the lender announced Julie Elliott would lead the bank’s ambitious growth strategy across Australia.

Ms Elliott joins the team with 25 years' management experience, having held roles at two of Australia’s big four banks.

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Most recently, Ms Elliott was Westpac’s regional general manager for Sydney’s inner-west and was responsible for 14 branches, $130 million in revenue and $10 billion in assets.

“Bank of Sydney is delighted to announce the appointment of Julie Elliott as our chief executive officer as we go to market with a new brand, new product offering and new direction,” Bank of Sydney chairman Nicholas Pappas said.

“Julie has outstanding experience in both commercial and retail banking and an in-depth understanding of her customer base. Julie will take the lead in delivering our ambitious growth strategy and ensure that Bank of Sydney becomes Australia’s top relationship-driven bank.”

Speaking about her appointment, Ms Elliott said it was an exciting time for the bank and she was thrilled to be appointed CEO.

“The Bank has a tremendous heritage and solid customer base, which I look forward to maintaining, and developing and providing customers with an expanded range of options,” she said.

“I am also committed to developing our teams, providing growth and training opportunities for staff across the business.”

Bank of Sydney is one of the most capitalised banks in Australia, with high liquidity – rising from 19 per cent in 2010 to 32 per cent in 2012 – and has 16 branches across Sydney, Melbourne and Adelaide.

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