St George head O’ Neal dies
St George Bank Ltdmanaging director and chief executive officer Edward O'Neal died over the weekend, resulting in the bank calling an emergency board meeting.
"St George deeply regrets to advise the market that its managing director and chief executive officer, Mr Edward Asbury O'Neal, passed away during the weekend," the bank said in a statement on the Australian Stock Exchange this morning.
The statement also says St George chairman Frank Conroy would call a board meeting as soon as possible, and the bank would then release further details after that date. No further details on the circumstances of O’Neal’s death have been released as yet.
O'Neal took over as St George Bank managing director on May 21, 1998 following the death of Jim Sweeney on November 9, 1997 after heart complications.
He was born in Detroit, Michigan and after graduating from Harvard worked for the next 23 years at the Chemical Bank in New York.
In 1992, he joined the Bank of Boston as group executive, before becoming the bank's vice chairman.
From mid 1997, he was the chief executive officer of Venture Capital, an investor group established to build a portfolio of national consumer finance companies.
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