BOQ names Westpac's George Frazis as CEO
Bank of Queensland (BOQ) has announced the appointment of Westpac's outgoing head of consumer banking George Frazis as its new managing director and CEO, effective 5 September 2019.
He succeeds Jon Sutton who resigned from the role in December 2018 to focus on his long-term health.
Commenting on Frazis' appointment, outgoing BOQ chair Roger Davis and chair-elect Patrick Allaway said: "George is the right person to lead BOQ during one of the most transformative periods in the banking sector. There is a significant amount of work ahead, and with George at the helm, BOQ is well-positioned to achieve our strategic goals and deliver for our customers and shareholders."
Mr Frazis joined Westpac in 2009 as CEO of the bank's New Zealand operations before becoming CEO of the St George Banking Group. His previous roles include senior executive positions at NAB and Commonwealth Bank.
Of his new role with BOQ, he said: "Disruption across the industry is moving at pace. The BOQ board and I recognise the need to respond decisively to address the challenging environment facing BOQ, and indeed all banks. However, those circumstances present many opportunities for a bank which is customer focussed and can move quickly to deliver a point of difference. At the top of the list is to embrace digital innovation that recognises the future of banking lies in mobility and personalisation."
