Ex-Westpac Executive Appointed as CEO at Bank of Queensland. FVE 9.60 Maintained.
Bank of Queensland today announced the appointment of George Frazis as CEO and Managing Director, effective Sept. 5, 2019. Frazis will succeed interim CEO Anthony Rose, who took charge following the resignation of John Sutton in December 2018. We like the appointment, and see this as a sign of management stability that will help drive the Bank’s strategy and provide continuity of business momentum. Frazis is an experienced banker with 17 years of experience, most recently as Chief Executive of W...Bank of Queensland is involved in providing retail banking, leasing finance, and insurance products, to its customers. Co. operates in two segments, Banking and Insurance. The Banking segment is engaged in retail banking, commercial, personal, small business loans, equipment, debtor finance, treasury, savings and transaction accounts. The Insurance segment is engaged in customer credit insurance, life insurance, accidental death insurance, funeral insurance and motor vehicle gap insurance. As of Aug 31 2016, Co. had total assets of $50.85 billion and total deposits of $36.72 billion.
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