BOQ Appoints Chief Risk Officer

Thursday, 03/06/2010

BOQ is pleased to announce the appointment of Mr 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 Managing Director David Liddy said, “I am delighted to have a person of Darryl’s capability join the BOQ leadership team.  Darryl has the necessary skills and experience to drive the Bank’s significant operational and credit risk initiatives and ensure continual enhancements to our risk management practices.” 

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 Darryl 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 the Bank in July 2010.