SUNCORP BANKING & WEALTH CEO SET TO DEPART

Written on the 15 June 2016

SUNCORP BANKING & WEALTH CEO SET TO DEPART

SUNCORP Group's (ASX:SUN) head of Banking & Wealth John Nesbitt will retire by the end of the year.

Nesbitt (pictured) joined the financial institution in 2010 as chief financial officer, and has contributed to several strategic projects, including the non-operating holding company structure, tier 1 and 2 capital raisings and Ignite banking system.

Prior to joining Suncorp, he held senior finance positions at Perpetual and Lend Lease.

Suncorp CEO and managing director Michael Cameron says Nesbitt has made an invaluable contribution during his six-year stint at the company.

"At an industry level, John took a leading role in the Suncorp Bank and Joint Regional Banks Submission to the Finance Sector Inquiry led by David Murray, successfully establishing the need for an even-playing field for all banks," Cameron says.

"Under his leadership, the bank was also awarded Money magazine's Bank of the Year in 2015 - the first non-major bank to receive the highly-recognised consumer and industry title since the award's inception in 2004.

"I'm sure John will continue to make a valuable contribution as he embarks on the next chapter of his future, pursuing board directorships.

"On behalf of Suncorp, I'd like to thank John for his contribution and wish him all the best for the future."

Nesbitt will depart during the second half of 2016, while an internal and external search is conducted to find a replacement.

 


Latest News

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CRITICS CALL FOR MORE INDEPENDENT DIRECTORS ON BLUE SKY BOARD

BLUE Sky Alternative Investments (ASX: BLA) has defended its governance and valuation processes in response to severa...

BEGA PAYS $460 MILLION FOR VEGEMITE TO BRING THE ICONIC BRAND BACK UNDER AUSTRALIAN OWNERSHIP

VEGEMITE is back under Australian ownership after Bega Cheese (ASX: BGA) agreed to buy Mondelez International's A...

GUVERA ESCAPES WIND-UP ORDER

GUVERA has avoided being wound up after a claim for a $1.78 million debt by Kwong Properties was dismissed at the ...

Related News

BUSINESS CONFIDENCE AT A SIX-YEAR HIGH

SMALL and medium businesses have entered 2017 with their confidence at a six-year high, building on strong gains m...

CONSUMERS PESSIMISTIC ENTERING 2017

CONSUMER confidence remains at its weakest point since April 2016, according to the latest Westpac Melbourne Institut...

RISE OF STARTUP SUPPORT PROGRAMS NOT AS ROSY AT IT SEEMS

ENTREPRENEURIAL cultivation companies in Australia are appearing quickly, but questions have been raised about whe...

SMES TAKE RETAIL MARKET SHARE AS CONSUMERS CHOOSE PERSONALISATION

IN a battle for the hearts and wallets of Australian consumers, it appears that small and medium retail businesses...

Contact us

Email News Update Sign Up Contact Details
Subscriptions

PO Box 2087
Brisbane QLD 4001

LoginTell a FriendSign Up to Newsletter