Suncorp banking and wealth CEO departs

Suncorp's banking and wealth CEO, Lee Hatton, will leave the organisation at the end of the month.

In a statement, Hatton said, "I have re-assess the demands of commuting from my home base in Sydney to Brisbane and the impacts this will have on my family, and have reached the conclusion that this will not be sustainable."

Hatton was appointed in December of 2019 and commenced in February.

"Suncorp is a wonderful company with many opportunities ahead of it. I am thankful to Steve [Johnston] and the leadership team for their support of my decision," said Hatton.

"Lee is a highly capable executive and I am disappointed to see her depart after a short time with the Group," said Suncorp Group CEO Steve Johnston. "I respect her desire to spend more time closer to home and I wish her well."

Hatton was previously the CEO of the NAB-owned Bank and an executive director for the NAB Venture Fund. She has taken a role with a Sydney-based financial technology company.

Suncorp has appointed Bruce Rush, executive general manager of deposits and payments, as acting CEO for banking and wealth while the company recruits for Hatton's replacement.