MyState Bank CEO to depart at year-end

Melos Sulicich, chief executive and managing director of Mystate Bank, will be leaving the firm at the end of 2021, having stayed on to manage the bank through COVID-19.

In an announcement to the Australian Securities Exchange (ASX), the firm said it appreciated Sulicich’s decision to stay for the extra tenure.

He had previously resigned in January 2020 but later agreed to stay in the role until September 2021 in order to manage the bank through the COVID-19 volatility.

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He initially joined the firm in 2014 and had been instrumental in the Tasmanian firm broadening its reach into mainland Australia.

Miles Hampton, chairman, said: “The MyState board has greatly appreciated Mr Sulicich staying on to see the company through the COVID-19 impacts on the business. While we are sorry to see him leave, we acknowledge his outstanding leadership and commitment and wish him well for the future.

“Melos was instrumental in the success of our recent capital raising and together with the investment in people, technology and systems that has been the cornerstone of his time with us, means that he leaves the company well positioned to deliver on the recently-announced ambitious growth plan.”

Sulicich said: “I take the opportunity to express my appreciation to the Mystate team and the board for their support. Together we have built a modern and scalable platform well positioned for significant growth, both at Mystate Bank and TPT Wealth”.

The firm said it would commence a search for his successor “shortly”.

 




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