BOQ appoints new risk officer
(4 June 2010 – Australia) The Bank of Queensland has announced the appointment of Darryl Newton as the bank’s new chief risk officer.
Mr Newton’s most recent position was as the head of the Basel II program at Westpac Banking Corporation within the Group Risk function, and he recently led the credit risk integration for the St George and Westpac merger.
BOQ’s managing director David Liddy said that he is delighted to have a person of Mr Newton’s capability join the BOQ leadership team.
Mr Newton has the necessary skills and experience to drive the Bank of Queensland’s significant operational and credit risk initiatives and ensure continual enhancements to its risk management practices, Mr Liddy added.
Mr Newton has extensive experience in managing risk for financial services companies, having spent the past six years in a variety of senior risk management roles at Westpac Bank.
Prior to joining Westpac Mr Newton was a partner at Ernst & Young consulting on risk management issues, with extensive experience with banking clients including Commonwealth Bank of Australia, AMP Bank and AMP Treasury, Bank of America, Rabo Group and, ING Bank.
Mr Newton will report directly to the managing director and is expected to join BOQ in July 2010.
BOQ’s managing director David Liddy said that he is delighted to have a person of Mr Newton’s capability join the BOQ leadership team.
Mr Newton has the necessary skills and experience to drive the Bank of Queensland’s significant operational and credit risk initiatives and ensure continual enhancements to its risk management practices, Mr Liddy added.
Mr Newton has extensive experience in managing risk for financial services companies, having spent the past six years in a variety of senior risk management roles at Westpac Bank.
Prior to joining Westpac Mr Newton was a partner at Ernst & Young consulting on risk management issues, with extensive experience with banking clients including Commonwealth Bank of Australia, AMP Bank and AMP Treasury, Bank of America, Rabo Group and, ING Bank.
Mr Newton will report directly to the managing director and is expected to join BOQ in July 2010.
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