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Qudos Bank Acting CEO Michael Anastasi appointed CEO

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Friday, 29 May 2020

Qudos Bank today announced the appointment of Michael Anastasi as Chief Executive Officer.

Michael- Anatasi

Michael has been the company’s Chief Financial Officer since (2007) and had been acting in the CEO role for more than twelve months following the departure of previous CEO Scott King.

Qudos Bank Chair Mark Boesen said “In this difficult time of worldwide hardship and uncertainty, ensuring we have the right leader to achieve a strong course for Qudos is vital. Following a thorough and extensive selection process the Board believes that Michael’s solid background in business performance, finance, and leadership means he is well equipped to guide the growth and success of Qudos Bank. He has the confidence of the executive and management leadership teams which will ensure the deeply rooted culture that is important to the Bank’s customers and employees remains a key asset”.

“Michael’s deep understanding of the Bank’s operations, ourcustomers and people will provide for a smooth transition and will ensure we continue delivering on the values of the organisation”

Qudos Bank Chair Mark Boesen said “In this difficult time of worldwide hardship and uncertainty, ensuring we have the right leader to achieve a strong course for Qudos is vital. Following a thorough and extensive selection process the Board believes that Michael’s solid background in business performance, finance, and leadership means he is well equipped to guide the growth and success of Qudos Bank. He has the confidence of the executive and management leadership teams which will ensure the deeply rooted culture that is important to the Bank’s customers and employees remains a key asset”.

Mr Anastasi said “I’m honoured to be appointed CEO of an organisation that’s so close to my heart. As a customer-owned bank that has been serving its clients for over 60 years, I feel privileged to be entrusted with this responsibility.”

“My current focus is supporting our customers through the pandemic and the resulting economic turbulence. I’m very proud of how our business has been responding to the impact of COVID-19 and inspired by the resolve and ingenuity that has been demonstrated by our people. It’s impressive how quickly our teams have been able to support Qudos customers during this difficult time, as well as each other. I look forward to leading our people and for the business to ascend from this pandemic stronger than before.”

“While we are helping our customers negotiate these difficult times, our teams are also forging ahead on key strategic initiatives to support the delivery of better products and services to continue the growth of the business for the benefit of customers. These include enhancements to technology, digital banking services, loan origination, customer relationship management and campaign management system upgrades, whilst ensuring our products continue to provide customers great value."

“On the other side of this pandemic we look forward to sharing our story and refreshed brand that has been in the pipeline for the past 18 months. We think it’s an important story to tell, a story that pays homage to our heritage and looks to build a mutually beneficial future, one that will resonate with existing customers and prospects alike.”

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