Former Westpac exec to spearhead Bank of Sydney

The recently rebranded Bank of Sydney has appointed Julie Elliott as its new chief executive officer.

Elliott has 25 years of management experience at two of Australia’s Big Four banks, Westpac and National Australia Bank.

In her new role, which is effective from 3 June 2013, Elliott will lead the bank's new growth strategy following the dissolution of its former Beirut Hellenic Bank brand in early May.

She will be responsible for guiding the bank as it looks to grow its customer base, with particular focus on customer relationships and personalised service.

Elliott's previous experience includes regional general manager, inner west at Westpac, where she was responsible for 14 branches, $130 million in revenue and $10 billion in assets.

Prior to that, Elliott held a number of senior management positions at NAB where she had significant experience in the SME market and was the first woman within NAB to manage the business banking division. 

Elliott is also chair of the Board of State Trustees, which oversees the operations of an organisation with $1.5 billion in funds under management and a $55 million a year operating budget.

Announcing the appointment, Bank of Sydney chairman, Nicholas Pappas, said: “Julie has outstanding experience in both commercial and retail banking and an in-depth understanding of her customer base. She will take the lead in delivering our ambitious growth strategy and ensure that Bank of Sydney becomes Australia’s top relationship driven bank.”

Bank of Sydney is one of the most capitalised banks in Australia, with liquidity rising from 19 per cent in 2010 to 32 per cent in 2012.

Currently there are 16 branches across Sydney, Melbourne and Adelaide, with plans to introduce more, specifically in the state capitals of Brisbane and Perth.

Banking, Your Career,
Bank of Sydney, Julie Elliott, Beirut Hellenic Bank
Angela Faherty,
Article Posted:
May 30, 2013

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