The Board of Police Bank have announced the appointment of Mr Greg McKenna as the new Chair of Police Bank effective 29 January 2019. Outgoing Chair Mr David Walton welcomed the Board’s appointment of Mr McKenna, saying “Greg has an outstanding background in banking and finance as well as a deep knowledge and affinity with Police Bank members, having previously served on the Police Bank Board for six years. Greg will work well with CEO Mr Tony Taylor and the Board to ensure Police Bank remains a safe, trusted and ethical bank for its Members.”
Mr Walton said, “After over six years as Chair and almost 18 years on the Board of Police Bank, it is time for renewal and a fresh set of eyes to govern the organisation as it continues to focus on sustainable growth and service to our Members. Having helped navigate the Bank through the Global Financial Crisis, seen a tripling of the Bank’s assets to $2 Billion and prevented Police Bank from experiencing the worst of the culture exposed by the ‘Banking’ Royal Commission, it has been an honour and a privilege to serve Police Bank’s Members.”
Mr McKenna advised “I’m delighted to be re-joining the Board as Chair. David ends his time as our Chair having created a wonderful legacy for our Members and a clear agenda for growth and the advantage of the Mutual Banking model. I’m looking forward to guiding Police Bank as it continues to focus on delivering trust and value for our Members current and future.”
Mr McKenna added that yesterday’s Board meeting coincided with the conclusion of Police Bank Board Member, Mr Scott Weber’s term as a Board Appointed Director. “Scott has been a Director of the Bank since 2015 and has an enormous contribution to the Board and the various committees he has served on. Scott will be dearly missed by the Board and we wish him all the best for his future endeavours.”
Greg McKenna has worked in Banking, Finance, Investments, and Markets for more than 30 years and in the Mutual Banking sector since 2007.
He is an independent consultant, writer, and economic and financial market strategist with practical experience which includes time as a Director of Police Bank, Treasurer of a large Australian Building Society during the GFC, and as a multi-billion dollar portfolio manager.
Beside the daily, weekly, and monthly machinations of the economy and markets, Greg is interested in the behavioural aspects of human interactions with the economy and with corporations. He’s especially interested on the human and organisational impacts of technological change on people’s lives and the evolution of business models and organisational structures.
Greg has a Bachelor of Business from Monash University, a Master of Applied Finance from Macquarie University, and is a graduate and member of the Australian Institute of Company Directors.