He'll commence his role in December
Suncorp Group has appointed Bruce Rush (pictured above) as CEO of Suncorp Bank, effective from December 4, pending regulatory approvals.
The appointment comes after the recent announcement that the bank’s current CEO, Clive van Horen, will depart Suncorp in December.
Since joining Suncorp in 2010, Rush has held several senior leadership roles within the bank, including acting CEO, executive general manager for deposits and payments, and most recently, executive general manager for home lending. He has played a vital role in improving the bank's performance, especially in the home lending portfolio, by enhancing customer and broker experiences.
Suncorp Group CEO Steve Johnston said Rush has 20-plus-years of financial services experience in various banking roles, both domestically and internationally, and a proven ability to deliver enhanced customer and financial outcomes and lead through periods of considerable change and complexity.
Rush “has been a valuable member of Suncorp’s leadership team for many years and has made a significant contribution to the improved performance of the bank across both its lending and deposit portfolios, amid what have been incredibly competitive market conditions in recent years,” Johnston said.
Rush “will provide continuity and stability in leadership in the current environment, particularly as the process remains underway to sell Suncorp Bank to ANZ,” he said.
Rush said he was honoured to be appointed as the next Suncorp Bank CEO and affirmed his commitment to collaborating with his leadership team to provide ongoing value to the bank's customers and brokers.
“I am proud of the progress we have made over the past three years to deliver on our strategic plan and strengthen the Suncorp Bank business,” he said.
On Suncorp Bank’s proposed sale to ANZ, Rush said he believes the opportunity to further strengthen the business is in the best interests of its customers, people, and the broader community.
“We have the full support of the Suncorp Group as the approvals process remains underway, and my focus will be on ensuring the team is equipped to continue delivering on the bank’s operating plan during this time, and most importantly delivering great customer experiences every day,” he said.
in August, the ACCC rejected ANZ's proposal to acquire Suncorp Bank - a decision which ANZ is appealing. If the bid does managed to gain all the necessary approvals the sale of Suncorp Bank to ANZ is set to conclude in mid-2024.
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