BOQ Appoints George Frazis as Managing Director & CEO

Thursday, 6 June 2019 

Bank of Queensland Limited today announced the appointment of Mr George Frazis as its Managing Director & CEO, effective 5 September 2019.

BOQ Chairman, Mr Roger Davis and Chairman Elect, Mr Patrick Allaway said “We are delighted to have George joining BOQ from his immediate prior role as Chief Executive of the Consumer Bank at Westpac. In this role he had responsibility for consumer distribution, digital, marketing, transformation and banking products and services for Westpac, St George, Bank SA, Bank of Melbourne and RAMS.

“His experience in retail banking, transformation and strategic acumen make him a great fit for BOQ. George brings a wealth of experience that will drive Bank of Queensland’s future direction and build on the work already commenced by the Management team.”

“We welcome George’s strong and demonstrated risk management focus. He is committed to acting in the best interests of customers, including improving transparency and advocating for higher standards of fairness.”

“George is the right person to lead BOQ during one of the most transformative periods in the banking sector. There is a significant amount of work ahead, and with George at the helm, BOQ is wellpositioned to achieve our strategic goals and deliver for our customers and shareholders,” they said.

George Frazis has had a 17 year career in banking. George joined Westpac in 2009 as Chief Executive, Westpac New Zealand before becoming CEO at St George Banking Group. His previous roles include senior executive positions at NAB, CBA and BCG. George began his career as an officer in the Royal Australian Air Force.

George Frazis said “Disruption across the industry is moving at pace. The BOQ Board and I recognise the need to respond decisively to address the challenging environment facing BOQ, and indeed all banks. However, those circumstances present many opportunities for a bank which is customer focussed and can move quickly to deliver a point of difference. At the top of the list is to embrace digital innovation that recognises the future of banking lies in mobility and personalisation. I look forward to working hand in hand with the BOQ Executive team and the Board as we drive the necessary functional and cultural changes essential to delivering a better customer experience and improving BOQ’s long term performance.”

Anthony Rose will continue as Interim CEO until George commences. The Board thanks Anthony for his dedicated leadership over the last six months and appreciates his commitment to completing a seamless leadership transition over the remainder of this financial year.