Police Bank announces changes to Board

The Board of Police Bank has today announced a change to the membership of the Board with the resignation of long term Director and former Chairman Mr David Walton and the decision to appoint the current NSW Commissioner of Police Michael Fuller to casual vacancy left by Mr Walton’s departure.

Mr. David Walton who has been on the Board since 2001 and served as the Chair for over six years decided to step down at the end of August.

Chair of Police Bank Greg McKenna commented “It is no coincidence that the Bank’s significant growth and expansion of our capability occurred during David’s time on the Board. David’s advice, support, and leadership have left a meaningful legacy. David will be missed by the Board and all colleagues throughout the Bank and we wish him well in the future”.

Mr. Walton ended his time with Board after helping navigate the Bank through the Global Financial Crisis, saw a tripling of the Bank’s assets to $2 Billion and helped maintain a positive culture within the Bank while other Banks experienced poor corporate culture as exposed by the Banking Royal Commission.

Commenting on his decision, Mr Walton explained ‘It was always going to be difficult to step away from a great business that I have such a strong connection with, but I think the time is right. I could not be more proud of how much has been achieved in the last 18 years but Board renewal is important too so it’s time for me to give someone new an opportunity to contribute to the bank’s future“

To fill the vacancy created by Mr Walton’s departure, the Police Bank Board today announced that they have commenced the process of appointing Michael Fuller as a Director of Police Bank which will take effect once all the regulatory approvals are in place. Commissioner Fuller is the current NSW Police Commissioner, having been a serving Police Officer since 1987.  The appointment of Commissioner Fuller follows the tradition of recent Board members and Commissioners of Police, Ken Moroney and Tony Lauer, in bringing their expertise to the Board of Police Bank.

Chair Greg McKenna welcomed the Board’s appointment of Commissioner Fuller stating “Mick Fuller brings with him a wealth of experience in leadership and a deep knowledge of the Policing community which will be an invaluable assistance to the Board in developing our strategy”.

Commissioner Fuller said “it is an honour to be appointed to the Board of Police Bank and continue to serve the wider policing community in this capacity. As a Member owned Bank, Police Bank operates with its Members at the heart of everything they do and I’m delighted to be a part of the Bank’s exciting future”.