Bendigo and Adelaide Bank has begun the search for a new chief executive for its wholly-owned subsidiary, Rural Bank, following the resignation this week of Paul Hutchinson.
The banking group announced this week that Hutchinson had resigned but would remain in his role for a number of moths to enable a smooth transition.
Confirming Hutchinson’s departure, Bendigo and Adelaide Bank managing director, Mike Hirst said the company had embarked on a rigorous recruitment process.
Hutchinson had spent nearly nine years with Rural Bank, which employs nearly 300 personnel and 10.5 per cent of the agricultural debt market.
