Warwick Negus, Chairman
B Bus, M Com, SF Fin
Mr Negus was appointed a Director of BOQ on 22 September 2016 and its Chairman on 27 March 2023.
Mr Negus brings more than 30 years of finance industry experience in Asia, Europe, and Australia. His most recent executive roles include Chief Executive Officer of 452 Capital, Chief Executive Officer of Colonial First State Global Asset Management, and Goldman Sachs Managing Director in Australia, London, and Singapore. He was also a Vice President of Bankers Trust Australia and a Director of the University of NSW (UNSW) Foundation and FINSIA.
Mr Negus is Chair of Dexus Funds Management Limited, and a Non-Executive Director of Virgin Australia Holdings Pty Ltd and Terrace Tower Group. He is a member of the Council of UNSW.
Mr Negus is Chair of the Nomination & Governance and Investment Committees and a member of People, Culture & Remuneration, Audit, Risk and Transformation & Technology Committees.
Patrick Allaway, Managing Director & Chief Executive Officer
Mr Allaway was appointed as Managing Director & Chief Executive Officer of the Bank on 27 March 2023 for a period up to December 2024, following his role as Executive Chairman. This was made a permanent role on 14 August 2023.
Mr Allaway has extensive senior executive, non-executive, and corporate advisory experience across the financial services, property, media, and retail sectors.
Mr Allaway’s executive career was in financial services with Citibank and Swiss Bank Corporation (now UBS) working in Sydney, New York, Zurich, and London. Mr Allaway was Managing Director SBC Capital Markets & Treasury with direct responsibility for a global business.
Mr Allaway brings over 30 years of experience in financial services across financial markets, capital markets, institutional banking, and corporate advisory. Mr Allaway has extensive experience in leading large global teams, transforming businesses and managing customer activities with global responsibility for serving corporate and institutional customers.
Mr Allaway has over 15 years of Non-Executive Director experience and was formerly a Non-Executive Director of Allianz Australia, Dexus Funds Management Limited, Macquarie Goodman Industrial Trust, Metcash Limited, Fairfax Media, Woolworths South Africa, David Jones, Country Road Group, and Nine Entertainment Co. Mr Allaway chaired the Audit & Risk Committees for Metcash, David Jones, and Country Road Group.
Mr Allaway is currently a member of the Adobe International Advisory Board. Adobe is a leading global technology company, ranked in the top 50 of all global companies by market capitalisation.
Karen Penrose, Non-Executive Independent Director
B Com, CPA, FAICD
Ms Penrose was appointed a Director of BOQ on 26 November 2015.
Ms Penrose is an experienced non-executive director and banker. As a banker, Karen has 20 years of experience leading businesses within Commonwealth Bank of Australia and HSBC and over ten years in accounting and finance roles. Ms Penrose has particular expertise in the financial services, health, property, resources and energy sectors.
Ms Penrose is a Non-Executive Director of Cochlear Limited, Ramsay Health Care Limited, and Estia Health Limited. She is also a Director of Ramsay Générale de Santé and Rugby Australia Limited. Ms Penrose was formerly a Non-Executive Director of Vicinity Centres Limited, AWE Limited, Spark Infrastructure Group, Landcom, and Future Generation Global Investment Company Limited. She is a member of Chief Executive Women.
Ms Penrose is Chair of the Audit Committee and is a member of the People, Culture & Remuneration, Risk, Transformation & Technology, Investment and Nomination & Governance committees.
Bruce Carter, Non-Executive Independent Director
B Econ, MBA, FAICD, FICA
Mr Carter was appointed a Director of BOQ on 27 February 2014.
Mr Carter was a founding Managing Partner of Ferrier Hodgson South Australia, a corporate advisory and restructuring business, and has worked across a number of industries and sectors in the public and private sectors. He has been involved with a number of state government-appointed restructures and reviews, including chairing a task force to oversee the government’s involvement in major resource and mining infrastructure projects.
Mr Carter had a central role in a number of key government economic papers, including the Economic Statement on South Australian Prospects for Growth, the Sustainable Budget Commission, and the Prime Minister’s 2012 GST Distribution Review.
Mr Carter has worked with all the major financial institutions in Australia. Before Ferrier Hodgson, Mr Carter was at Ernst & Young for 14 years, including four years as Partner in Adelaide. During his time at Ernst & Young, he worked across the London, Hong Kong, Toronto, and New York offices.
Mr Carter is currently Chair of AIG Australia Limited, Australian Submarine Corporation and Sage Group Holdings Limited, and a Non-Executive Director of Lovisa Holdings Limited. He formerly chaired the Boards of Aventus Capital Limited and One Rail Australia and was a Non-Executive Director of Crown Resorts Limited, SkyCity Entertainment Group Limited and Genesee and Wyoming Inc (NYSE).
Mr Carter is Chair of the Risk Committee and a member of the Audit, Transformation & Technology, Investment, People, Culture & Remuneration, and Nomination & Governance Committees.
Mickie Rosen, Non-Executive Independent Director
B.A., Economics, MBA
Ms Rosen has three decades of strategy, operating, and board experience across media, technology, and e-commerce. She has built and led global businesses for iconic brands such as Yahoo, Fox, and Disney, as well as early-stage companies including Hulu and Fandango.
Ms Rosen is also a Non-Executive Director of Nine Entertainment Co and of FaZe Clan in the United States. Prior, Ms Rosen served on the boards of Pandora Media and Ascendant Digital Acquisition Corp, was the President of Tribune Interactive and concurrently the President of the Los Angeles Times.
Ms Rosen commenced her career with McKinsey & Company, is based on the West Coast of the United States, and holds an MBA from Harvard Business School.
Ms Rosen currently chairs the Transformation & Technology Committee and is a member of the Risk, People, Culture & Remuneration, Audit, and Nomination & Governance Committees.
Deborah Kiers, Non-Executive Independent Director
B.Sc (Hons), MPA, MAICD
Ms Kiers was appointed as a Non-Executive Director of the Bank in August 2021.
Ms Kiers previously acted as a Director of ME Bank since July 2020. She is currently a Non-Executive Director for IFM Investors and holds the positions of Chair of the Responsible Investment and Sustainability Committee and Chair of the Board Audit and Risk Committee. She is also Chair of the Tiverton Agriculture Impact Fund and Non-Executive Director of Downforce Technologies Limited.
Ms Kiers career includes 30 years of corporate advisory and consulting support to boards, CEOs and executive management teams across a range of industries including Financial Services, Energy and Resources, Industrials, Property, Infrastructure and Regulated Utilities, both in Australia and internationally. Her corporate support included strategy, enterprise transformation, M&A integration, leadership transition and development, and building synergies between strategy, culture, and performance.
Ms Kiers is Chair of the People, Culture and Remuneration Committee and a member of the Audit, Risk, Nomination & Governance, and Transformation & Technology Committees.
Dr Jenny Fagg, Non-Executive Independent Director
PhD (Risk), B Economics (Hons Psychology)
Dr Fagg was appointed a Director of BOQ on 13 October 2021.
Dr Fagg brings to the Board more than 30 years of executive experience across financial services institutions in Australia and abroad. Most recently, she cofounded 2Be Finance, a lending fintech. Previously, Dr Fagg served as Chief Risk Officer for AMP, driving the transformation agenda for risk culture and systems following the Hayne Royal Commission. She is recognised for her turnaround credentials fostered as SEVP of Retail Products of CIBC (Canada), as CEO of ANZ National Bank (New Zealand) and as MD of ANZ Consumer Finance.
Dr Fagg holds a PhD in Management (Risk) from University of Sydney and a Bachelor of Economics (Honours in Psychology) from the University of Queensland. She currently serves on the National Breast Cancer Foundation Board.
Dr Fagg is a member of BOQ’s Transformation & Technology, Risk, People, Culture & Remuneration, Audit, and Nomination & Governance Committees.