11 January 2016
Suncorp Bank today announced the appointment of Scott McMullen to the position of Treasurer.
Suncorp Bank Chief Financial Officer David Carter said Scott’s appointment was good news for the Bank.
“Scott brings with him extensive investment banking and capital market experience, a thorough understanding of balance sheet optimisation and risk management, and exceptional stakeholder management skills,” Mr Carter said.
“Having someone of Scott’s calibre lead our Treasury team puts us in a very strong position, particularly in the complex macro-economic and regulatory landscape we operate in, marked by constant change and a heightened focus on structured capital management and risk management,” he said.
“Scott’s rich experience and knowledge will prove invaluable to us as we continue to focus on delivering sustainable, profitable growth across our portfolios.”
Mr McMullen was most recently Head of Financial Institutions with Citigroup Corporate and Investment Banking. His prior experience includes roles with UBS, Merrill Lynch in New York and Sydney, and CBA.
Mr McMullen said he was pleased to have joined Suncorp Bank and looked forward to being part of its growth journey.
“There are some exciting prospects for Suncorp Bank and I look forward to building on its strong reputation and capitalising on the many opportunities,” he said.
“I’m already impressed by the Bank’s disciplined approach to managing capital and risk and its ability to operate as an advanced bank as it works towards formal Advanced Accreditation.
“It’s apparent to me Suncorp Bank is in a solid position, with a strong balance sheet and a serious commitment to regulatory excellence and providing real value for its shareholders, customers and communities, all critical components for a successful future,” he said.
Media Contact: Amy McDonald 07 3135 2561 or 0403 058 462
Suncorp Group includes leading general insurance, banking, life insurance and superannuation brands in Australia and New Zealand. The Group has 14,500 employees and relationships with nine million customers. Suncorp Group Limited is a Top 20 ASX-listed company with $94 billion in assets. Suncorp Bank is Australia’s leading regional bank servicing more than one million personal, SME and agribusiness customers.