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The non-major bank has shaken up its executive team with some changes in leadership. According to the organisation, these redeployments are to give rise to growth.
Renèe Roberts has been appointed Judo’s chief risk officer (CRO), with the change effective as of 6 September. Roberts will succeed Frank Versace, who has been moved to the position of chief strategy and growth officer, which was announced on 9 May.
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Meanwhile, Judo’s general counsel and company secretary Yien Hong will transition to the role of chief legal and commercial officer.
Further changes include a shift in chief operating officers (COO). Current COO Lisa Frazier will be moving on, making way for Rosanna Fornarino, who will take the mantle from 2 August. Fornarino currently operates as COO at Hewison Private Wealth and will be utilising this skill set in the new role.
“We are thrilled to have attracted two such high-calibre, senior executives to the Judo leadership team, who both have deep banking experience. This is an exciting time in the journey of our business as we move from building our bank, to scaling our bank,” Judo CEO Chris Bayliss said.
“We are pleased that both Renèe and Rosanna recognise the strength of Judo’s business model, and the huge opportunity we have as we continue on our journey of becoming a scale player in the Australian banking landscape.
“We see banking as the business of risk management. Since being granted our full banking licence five years ago by APRA, we have built a robust risk management framework, which has been crucial for the delivery of our strategic goals and continued sustainable growth.
“I’m thrilled that with the appointment of Renèe, we’re assured that our progress will continue to be underpinned by the highest standards of risk management.”
The significant changes to the executive team are all in the name of growth, noted Bayliss.
“I would like to personally thank Lisa for her outstanding leadership over the past three years, a period marked by remarkable growth for our organisation,” Bayliss said.
"Thanks to Lisa, Rosanna inherits a passionate and dynamic team, that will support the continued growth of our business through the enablement of our bankers and enhancement of our unique customer value proposition.
“I welcome Renèe and Rosanna to the team and congratulate Yien. With a highly experienced executive team in place which is fully aligned to achieving our at-scale economics, I have never been more excited about the prospects for our business.”
[RELATED: Judo Bank appoints 2, provides strategy update]
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