Suncorp banking and wealth CEO resigns

Suncorp/

11 May 2020
| By Jassmyn |
image
image
expand image

Suncorp’s banking and wealth chief executive, Lee Hatton, will depart the firm after three months in the role.

Hatton said the reason for leaving was that the demands of commuting from her home in Sydney to Brisbane were unsustainable and she reassessed the impact it would have on her family.

“Suncorp is a wonderful company with many opportunities ahead of it. I am thankful to Steve [Johnson] and the leadership team for their support of my decisions,” she said.

Hatton had accepted a role with a Sydney-based financial technology company.

The bank’s executive general manager for deposits and payments, Bruce Rush, would step in as acting CEO for banking and wealth until a permanent appointment was made.

Suncorp Group chief executive, Steve Johnson, said: “Lee is a highly capable executive and I am disappointed to see her depart after a short time with the group. I respect her desire to spend more time closer to home and I wish her well.

“The bank has an experienced and capable executive team and I’m very confident that Bruce will provide strong leadership and direction while we seek a permanent appointment.”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

4 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

6 months 2 weeks ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

1 week 4 days ago

ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager. ...

3 days 9 hours ago

ASIC has banned a former NSW adviser from providing advice for 10 years for investing at least $14.8 million into a cryptocurrency-based scam. ...

4 days 13 hours ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
3