BOQ CFO to step down

Bank of Queensland (BOQ) has announced the resignation of chief financial officer, Matt Baxby.

Baxby, who the bank said has decided to pursue other leadership opportunities, will depart after BOQ's full-year results are announced in October 2019.

Commenting on his service, BOQ chair Roger Davis said: "Matt has made a significant contribution during his seven years with the group, including six years as group executive retail banking and the past 12 months as chief financial officer."

He added: "After almost 10 years at Virgin Group, Matt joined BOQ in 2012 and was instrumental in BOQ acquiring Virgin Money in 2013. Since the acquisition, Virgin Money has continued to grow and diversify its product offerings as a challenger brand. The Board thanks Matt and wishes him all the best in the next chapter of his career."

The bank said it will conduct a comprehensive search for Baxby's replacement.