Briefs: Lysaght result, New CRO for MLC Wealth 11 August 2020 6:02AM Banking Day staff A five-fold increase in impairment losses for Lysaght Credit Union is one highlight from the first ADI result of this reporting season. With A$95 million in assets it is small beer and moreover its balance date is March 2020. Its lending losses border on the trivial at $96,000. Net profit at Lysaght fell to $230,000 from $291,000 in 2019. MLC Wealth has appointed David Clarke as chief risk officer. Clarke is moving to the NAB wealth business from Queensland Investment Corporation where he was CRO for the past seven years. Before joining QIC in 2007 he spent four years in Macquarie Bank’s financial services group.