Patrick Allaway, Chairman

BA/LLB

Mr Allaway was appointed as a Non-Executive Director of the Bank in May 2019 and was appointed Chairman on 18 October 2019. 

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, and corporate advisory. This included an advisory role in the media sector, responding to considerable digital disruption.

Mr Allaway has over 15 years of Non-Executive Director experience and was formerly a Non-Executive Director of 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 Non-Executive Director of Allianz Australia and Dexus Funds Management Limited and a member of the Adobe International Advisory Board. He currently chairs BOQ’s Transformation & Technology, Investment and Nomination & Governance Committees and is a member of BOQ’s, People, Culture & Remuneration, Audit, and Risk Committees.

George Frazis, Managing Director and Chief Executive Officer

B. Eng (Hons), MBA

George joined BOQ as Managing Director and CEO in September 2019 and has over 26 years of corporate experience.

George has a long history in Banking and Finance, having worked in the industry for the past 17 years.  Most recently he was Chief Executive of Westpac Group’s Consumer Bank. Prior to that George was CEO, St. George Banking Group and Chief Executive, Westpac New Zealand Limited.

George has held senior executive roles at National Australia Bank, Commonwealth Bank of Australia, as well as Air New Zealand. He started his career as an officer in the Royal Australian Air Force.

Kathleen Bailey-Lord, Non-Executive Independent Director

BA (Hons), MAMP, FAICD

Ms Bailey-Lord was appointed as a Non-Executive Director of the Bank in May 2019.

Ms Bailey-Lord is an experienced company director and corporate advisor. Ms Bailey-Lord is currently a Non-Executive Director of Alinta Energy Limited, QBE Insurance (AUSPAC), Melbourne Water, and Monash College.

Ms Bailey-Lord has 20 years of senior executive experience across Australia, New Zealand, and Asia. Ms Bailey-Lord has led businesses through complex and transformational change, often leveraging digital solutions to enable new business models.  Ms Bailey-Lord’s experience spans the technology industry at IBM, financial services at ANZ Bank, professional services, and marketing/media.  Ms Bailey-Lord sits on the AICD Victorian Council and the AICD Technology, Governance and Innovation Panel (pro bono roles).  She is a member of Chief Executive Women.  

Ms Bailey-Lord is a member of the Transformation & Technology, People, Culture & Remuneration, Audit, Risk, 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 the Chair of the Australian Submarine Corporation, Aventus Capital Limited, Scissor Holdings Pty Ltd (trading as One Rail Australia) Boards, and a Non-Executive Director of Crown Resorts Limited, AIG Australia Ltd, Sage Group Holdings Ltd, and Sage Automation Pty Ltd.

Mr Carter is Chair of the Risk Committee and a member of the Audit, Transformation & Technology, Investment, People, Culture & Remuneration, and Nomination & Governance Committees.

 

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 eight 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 Vicinity Centres Limited, Ramsay Health Care Limited, Estia Health Limited, and Rugby Australia Limited. Ms Penrose was formerly a Non-Executive Director of 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.

John Lorimer, Non-Executive Independent Director

B Com

Mr Lorimer was appointed a Director of BOQ on 29 January 2016.

Mr Lorimer has spent more than 30 years in financial services and held executive roles in Australia, Asia, and Europe. Mr Lorimer’s most recent executive roles were in the United Kingdom where he was Group Head of Finance and then Group Head of Regulatory Risk and Compliance for Standard Chartered Bank.  He also held a number of management positions in the retail bank of Citigroup and served as the Chairman of CAF Bank Limited (a subsidiary of Charities Aid Foundation based in the United Kingdom).  In addition, Mr Lorimer was a Non-Executive Director of Aberdeen New Dawn Investment Trust plc and International Personal Finance plc.

Currently, Mr Lorimer is a Non-Executive Director of Bupa Australia Pty Ltd and Bupa Aged Care Holdings Pty Ltd, Chairman of Bupa (Asia) Ltd, and a member of BOQ’s Transformation & Technology, Risk, People, Culture & Remuneration, Audit, and Nomination & Governance Committees.

Warwick Negus, Non-Executive Independent Director

B Bus, M Com, SF Fin

Mr Negus was appointed a Director of BOQ on 22 September 2016.

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 Pengana Capital Group and a Non-Executive Director of Washington H Soul Pattinson & Co Ltd, Dexus Funds Management Limited, Virgin Australia Holdings Pty Ltd, and Terrace Tower Group. He is a member of the Council of UNSW and Chair of UNSW Global Limited.

Mr Negus is Chair of the People, Culture & Remuneration Committee and a member of the Audit, Risk, Transformation & Technology, Investment, and Nomination & Governance Committees.

Mickie Rosen, Non-Executive Independent Director

B.A., Economics, MBA

Ms Rosen was appointed a Director of BOQ on 4 March 2021.
 
Ms Rosen has three decades of strategy, operating, and advisory 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.

Until recently, Ms Rosen served on the board of Pandora Media and was the President of Tribune Interactive, the digital arm of Tribune Publishing, and was concurrently the President of the Los Angeles Times. Ms Rosen is also a Non-Executive Director of Nine Entertainment Co. Ms Rosen commenced her career with McKinsey & Company, is based on the West Coast of the United States of America, and holds an MBA from Harvard Business School. 

Ms Rosen is a member of the Transformation & Technology, Risk, People, Culture & Remuneration, Audit, and Nomination & Governance Committees.