ME Bank’s acting chief executive, Adam Crane, has been appointed as the bank’s new chief executive, effective immediately.
ME Bank chair, James Evans, said Crane had “proven himself” since taking on the acting role in July.
“It was a smooth and effective transition, and importantly, he has the respect of our employees, shareholders and stakeholders generally,” he said.
“When Adam joined ME Bank as chief financial officer in August, the chief executive at the time and the board had succession planning in mind, as it always does with senior executive appointments. Adam’s depth of experience across finance, strategy and digital transformation and his evident leadership skills made him the standout candidate at the time.
“He again has proven to be the standout candidate for the role.”
The Association of Superannuation Funds of Australia (ASFA) has announced changes to its structure, marking an “exciting phase of growth” for the organisation.
The $74 billion fund has welcomed an experienced CIO to lead its investment strategy.
With the merger between Mine Super and TWUSuper in its late stages, the head of the soon-to-be combined fund is the latest to join ASFA’s board.
The fund has announced new additions to its trustee board.