The merged bank will operate with two main business streams, supported by five major corporate services divisions.
Former Bendigo Bank COO Mike Hirst will become the CEO of the retail bank unit. He will be supported by Russell Jenkins and Marnie Baker as the chief general managers of retail customers division, and solutions and product respectively. The retail bank unit will incorporate a new department of financial markets and treasury, with the announcement of a leader pending.
Former Adelaide Bank group managing director Jamie McPhee will be the CEO of the wholesale bank. He will be supported by Tim Piper as chief general manager of wholesale mortgages, Philip Riquier as chief general manager of portfolio & business partners, and Anthony Baum as chief general manager of wealth financing and product.
Supporting these principle business streams will be five major corporate services divisions.
David Hughes will head the group finance and accounting division as CFO. Craig Langford will be chief general manager of the people and corporate services division, which includes call centre and mortgage processing activities. Greg Gillett will be the chief general manager of brand development and positioning, including the merged group’s marketing, communications, CSR and green strategies. Information technology will be headed by Andrew Watts as chief information officer, while group strategy will be headed by Richard Fennell as chief general manager of strategy.
Mr Hunt said: We are confident of bringing the successful retail and wholesale components of Adelaide Bank and Bendigo Bank together in a seamless merger. This will create obvious benefits through synergies and scale – but also offer significant opportunities to grow and develop our unique business strategies to a wider and broader customer base.
