Mr Fegan has been the acting CEO since the former CEO Ms Gail Kelly announced her resignation on August 17, 2007.
John Thame, chairman of St George Bank, said: We are delighted to appoint Paul as the new CEO. He is superbly equipped to continue and build on the bank’s momentum. He brings 30 years financial services experience to the role including over five years experience at St George. This includes his most recent experience of running both the retail and wealth divisions of the group which account for nearly 60% of the group’s total revenue.
