ME Bank’s acting chief executive Adam Crane has been appointed to the role on a full-time basis.
Crane was the bank’s chief financial officer when, in July, he stepped up to the acting CEO role following the departure of long-serving CEO Jamie McPhee.
McPhee left in the wake of a backlash over poorly handled changes to the redraw limits of some customers. The bank later agreed to restore the redraw limits of affected customers.
ME chair James Evans said in a statement: “When Adam joined ME Bank as CFO in August last year, the CEO at the time and the board had succession planning in mind. Adam’s depth of experience across finance, strategy and digital transformation made him the standout candidate at the time.”
In August, ME made another senior appointment, hiring Medibank Private chief risk officer Xavier Saldoni to be its CRO.