POWERED BY MOMENTUM MEDIA
ME Bank CEO resigns
Just months over the uproar over ME Bank’s handling of client’s redraw facilities, the bank chief executive has announced his departure.
ME Bank chair, James Evans said the chief executive, James McPhee had resigned.
McPhee did not mention the drawdown issue but said he had decided to call time.
“In deciding to call time, I know the bank is in a strong position financially and is well placed for the future, but that the industry challenges ahead and resulting need for change, will require a long-term commitment,” he said. “After 10 and a half years as CEO, I believe now is the best time to hand over the reins to give ownership of the bank’s post-COVID strategy development and long-term execution to a new CEO.”
Evans said McPhee had requested that his resignation be effective from the end of July, which the board respected and had agreed to.
“The chief financial officer, Mr Adam Crane, has agreed to take on the role of acting CEO,” he said.
Recommended for you
The financial services company has made two senior appointments to its super and investments leadership team.
The $89 billion fund has named co-chief investment officers following the resignation of Andrew Lill earlier this month.
The industry body is adding 25 years of financial services experience to its leadership team with a new appointment.
The industry body has welcomed a new deputy CEO and a new executive general manager for policy.
TOP PERFORMING FUNDS
ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
Spire Oaktree Opportunities XI Second Close
61.07 3 y p.a(%)
2
Spire Oaktree Opportunities XI First Close USD
59.21 3 y p.a(%)
3
DomaCom Lot 21 Chellaston Road Munno Para West SA 5115 Australia
32.57 3 y p.a(%)
4
Fidante Credit Suisse Global Private Equity
32.09 3 y p.a(%)
5
DomaCom 4/27 Crombie Avenue Bundall QLD 4217 Australia
27.42 3 y p.a(%)
