BOQ Chief Risk Officer to retire

Bank of Queensland (BOQ) has announced the retirement of chief risk officer Peter Deans after seven years with the bank and a 32-year career in banking.

Deans, who was appointed chief risk officer in March 2012, will retire on 31 May 2019, though the bank said he has "agreed to a consulting arrangement until 31 December 2019 [to] support a smooth transition."

Commenting on his service, interim chief executive officer Anthony Rose said: "Peter is widely respected across the industry and has made a tremendous contribution to BOQ over his tenure...Under Peter's leadership, BOQ's risk capabilities have matured and the Group's risk metrics have significantly improved."

He added: "We are pleased that we will continue to benefit from Peter's experience over the remainder of the year."

Adam McAnalen, currently CEO of BOQ finance, has been appointed as Deans' successor, effective 1 June 2019.