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Fegan confirmed as St George CEO

Fegan confirmed as St George CEO

(14 November 2007 – Australia) St George Bank has confirmed that Paul Fegan is the new chief executive officer. Fegan has been CEO in an acting capacity since former boss and Westpac bound Gail Kelly resigned on 17 August of this year.

The bank conducted an international executive search and considered internal and external candidates but said Fegan was superbly equipped to build and continue the bank’s momentum.

St George chairman John Thame said the bank’s retail and wealth divisions, which Fegan had been running, accounted for almost 60 percent of the group’s total revenue.

Fegan joined St George in 2002 from National Australia Bank-owned Yorkshire Bank where he was chief operating officer and a director.

He has more than 30 years in banking and has worked in the UK, US, Ireland and Hong Kong, as well as Australia.

Fegan said his focus would be on driving the bank’s organic growth strategy while continuing to reinvest in the business.
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