New BOQ chairman appointed
Former Citigroup managing director Roger Davis has been appointed Bank of Queensland chairman following the retirement of incumbent Neil Summerson.
Summerson had announced at BOQ’s annual general meeting in December 2012 that he intended to step aside in 2013. He will remain on the board until 30 July.
“Last year I said I would retire when the Bank was delivering on its new strategy. I am confident we have reached that point and the time is right for new board leadership,” Summerson said.
He said that following the challenges faced during the global financial crisis, the bank had put in place a more diverse management team, restructured its balance sheet and was making progress in reviewing and renewing its systems and processes.
Davis, who was appointed as a director of the bank in August 2008, said he was looking forward to working closely with managing director Stuart Grimshaw and his executive team.
“Neil has made an enormous contribution to BOQ’s development since joining the board in 1996 and, as chairman, he has helped the bank reposition for growth by overseeing a number of key acquisitions, most recently Virgin Money Australia,” he said.
Davis has 32 years experience in banking and investment banking in Australia, the US and Japan, recently serving as a group managing director of ANZ Bank and, before that, a director of ANZ New Zealand.
He is currently a consulting director at Rothschild Australia.
Recommended for you
Trustee and fund administration platform MSC Group has promoted Shelley Brown as its chief operations officer, having successfully completed the integration of the Certane Corporate Trust business.
Australian Unity’s group managing director and chief executive has announced his plans to retire at the end of the year after two decades leading the company.
TAL has appointed a senior manager for investment strategy and portfolio management who joins from a lead role at AIA.
Global wealth management platform FNZ has appointed a new group head of APAC, while boutique investment manager TWC Invest welcomes a chief technology officer.
