Ruth Liew PUBLISHED: 7 hours 34 MINUTES AGO 11 April 2012
Suncorp Group’s banking arm has appointed an insider, Greg Bryant, as its chief financial officer to replace Anthony Rose, who joined Bank of Queensland.
Mr Bryant started with Suncorp in 2004 and has more than 20 years’ experience in the banking and finance industry.
Commonwealth Bank insurance analyst Ross Curran said the appointment reflected Suncorp’s ability to tap internal talent to fill key positions.
“It continues to demonstrate that Suncorp has an extraordinarily deep management pool to promote internally,” Mr Curran said.
At Suncorp’s half-year results presentation in February, management warned that workout times for its $5.7 billion non-core bank had slowed, given the fragile economic backdrop.
The non-core bank holds Suncorp’s riskier commercial property exposures which are being run down. Suncorp Bank chief risk officer Karen Smith-Pomeroy is managing the trimming of the non-core portfolio.
Mr Bryant will have oversight of both the core and non-core bank.
Suncorp Bank chief David Foster acknowledged Mr Bryant’s role in helping steer the bank through the credit crisis.
The Australian Financial Review