Briefs

• Banking Day staff

Bank of Queensland is selling its NZ$238 million New Zealand commercial loan and lease portfolio to UDC Finance Ltd, in a deal that will result in a loss of A$17 million to $20 million. read more

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The outgoing chief executive of Credit Suisse Australia, Richard Gibb, will join the ANZ board as a non-executive director. read more

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The chief executive of youth support service ReachOut, Ashley de Silva, has been appointed CEO of leading consumer advocacy group CHOICE.  read more

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Warren McLeland, a former stockbroker and investment banker, has joined the board of BNK Banking Corp. read more

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Bendigo and Adelaide Bank’s youth-focused digital brand Up has launched a money management tool promising to help consumers get their finances under control by automating bill payments and savings pla.. read more

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The Supreme Court of New South Wales has approved the scheme of arrangement between finance company Thorn Group and its major shareholder Somers Ltd, clearing the way for Somers to acquire the shares.. read more

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Senior Bank of England officer Andrew Hauser will join the Reserve Bank as its deputy governor. read more

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Business lender Scotpac has formed a partnership with foreign exchange and trade finance provider Ebury. read more

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COG Financial Services has withdrawn its offer to merge with Diverger, a company that provides compliance, technical and consulting services to accountants and financial planners. read more

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The Australian Financial Complaints Authority has appointed two new industry directors – Raylene Bellottie and Yien Hong. read more

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Commonwealth Bank has launched an interest free finance product for solar panel and battery systems. read more

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NAB chief digital, data and analytics officer Angela Mentis will retire next month, after 17 years at the bank. read more

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Heartland Group’s chief operating officer Michael Drumm is changing roles, moving to the new position of chief compliance and sustainability officer of Heartland Bank. read more

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Suncorp Bank chief executive Clive van Horen is leaving Suncorp to take on the job of chief executive at wealth management company Colonial First State. read more

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Suncorp Group has priced an issue of floating rate subordinated notes, raising A$600 million at a margin of 235 basis points over the three-month bank bill swap rate. read more

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Zip Co has made another senior executive change, with Martin Brooke stepping down from his role of chief financial officer. read more

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RedZed has appointed Calvin Cordle as its new CEO. read more

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NAB has appointed Sarah White as its group executive people and culture. read more

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NAB has appointed Krista Baetens to the role of corporate and institutional banking executive, markets. read more

• Banking Day staff

Bank of Queensland yesterday released its Pillar 3 report for the three months to May, revealing a big jump in home loan arrears. The value of non-performing residential mortgages rose from A$520 mill.. read more