Defence Bank makes two key appointments

29 October 2013

Defence Bank, one of Australia’s new Mutual Banks, today announced two key appointments in the wake of its strong earnings result for 2012-13 and continuing growth.

The Bank has appointed Mano Simos as its Chief Risk Officer. Mano has a strong background in risk management and governance, having previously worked at the National Australia Bank (NAB).

A seasoned marketing professional, Aimee Suchard, joins Defence Bank from ME Bank. She also has worked for Westpac.
Jon Linehan, Chief Executive Officer of Defence Bank, said: “These two new appointments are a result of the Bank’s strong growth in a challenging environment, reflecting the growing size and complexity of our operations.

“It also points to our commitment to be an extremely customer-focused organisation, and make Defence Bank the bank of choice for our more than 90,000 members.”

He said the appointment of the Chief Risk Officer built on the strong prudential focus of the Bank and reflected its strong growth.
“Risk management will continue to play an important role. In this regard, Simos brings a wealth of experience in terms of direct knowledge of risk management, investment markets, portfolio management and debt advisory services.”

Linehan said the Bank had witnessed some exciting developments in its customer service area, and the appointment of Suchard would ensure its members were kept abreast of these and future new developments.

A seasoned professional with an extensive senior management track record incorporating investment and risk management, Simos was with NAB’s Business Banking unit. He has also worked at Australian Unity Investments.

Suchard has worked in several senior marketing jobs, with her last position being General Manager Brand and Marketing at ME Bank.


For further information, contact Jon Linehan on 03 8624 5872 or jon.linehan@defencebank.com.au

About Defence Bank
Background
Defence Bank is a Mutual Bank with more than $1.5 billion in assets under management and more than 90,000 members. Defence Bank commenced operations in March 1975 as Defence Force Credit Union Limited (Defcredit) before becoming Defence Bank in 2012. Today, Defence Bank has 43 branches around Australia.
Serving those who protect us
Since the global financial crisis, Defence Bank has doubled its size, capital and earnings. It is regarded as one of Australia’s most innovative Mutuals and has record levels of member satisfaction and staff engagement.
Its members are typically located outside metropolitan areas and often in remote locations which are commonly underserviced by the large banks. It’s why Defence Bank focuses heavily on delivering technology solutions. Members tell Defence Bank that they want more flexible banking choices, which means Defence Bank is constantly looking for new technology to deliver what members want.

October 29, 2013

Defence Bank makes two key appointments

Defence Bank makes two key appointments 29 October 2013 Defence Bank, one of Australia’s new Mutual Banks, today announced two key appointments in the wake of […]
October 28, 2013

Confusion surrounds use of franking credits in SMSFs: SPAA

Confusion surrounds use of franking credits in SMSFs: SPAA 28 October 2013: There is a lot of misunderstanding about how franking credits work in a self […]
October 21, 2013

SPAA welcomes Ripoll appointment to superannuation post

SPAA welcomes Ripoll appointment to superannuation post 22 October 2013: The high priority accorded superannuation with the announcement of Labor’s shadow ministry has been welcomed by […]
October 15, 2013

Instreet adds a shine to portfolios with regular income from gold

Instreet adds a shine to portfolios with regular income from gold The boutique fund manager, Instreet Investment, has launched a new structured product designed to give […]
October 10, 2013

Wealthtrac SMSF builds pace with launch of mobile app

Wealthtrac SMSF builds pace with launch of mobile app Cloud-based SMSF solution now offering market leading mobile technology 10 October 2013; Independent wealth product distributor Wealthtrac, […]