Combet departs ME Bank board

IFM Investors and Industry Super Australia chair Greg Combet has departed the board of ME Bank.

ME Bank chair James Evans thanked Combet for his contributions. "Greg has made a valuable contribution to the growth and evolution of ME Bank since joining as a Director in November 2014.

"In a time of unprecedented change in and scrutiny of the banking industry, Greg's insights and contributions have been especially helpful."

Combet served on several board committees, including audit and governance and risk & compliance committees. "TIt has been a privilege to serve on the ME Bank Board. I leave ME Bank proud of its continuing growth and achievements in helping many working Australians get ahead through straightforward and affordable home loans and banking products. I wish both the bank and its customers well in the future."

Combet is a former Labor politician, and has held several senior union positions. "Greg's commitment to our customers and our purpose, informed through his background of public service during his time as a Federal Government Minister and leader of the Australian Council of Trade Unions, has been of significant value to ME Bank and its customers," said Evans.

Last year, Combet was appointed to as chair of IFM Investors and Industry Super Australia (ISA). "My retirement from the ME Bank Board will enable me to focus closely on these two demanding roles at a time of significant growth and change in the superannuation industry", he said.