Mr Koch has spent over 30 years in the financial industry including as chief executive of ING Bank in Australia from 2009 to 2012 before taking on the same role for ING Italy from 2012 to 2016.
As part of his role at ING, Mr Koch helped launched ING Direct in Australia giving him a strong understanding of digital banking which will help in his new role at BNK.
Mr Koch said he was excited to explore the opportunities at BNK given its recent progress as a challenger bank.
“The combination of great products, good people, a large distribution capability and no legacy technology issues are vital ingredients to build a successful digital banking business.
“I hope that with my experience I can help the board of BNK deliver further success and ultimately great returns for shareholders over time,” he said.
Non-executive chairman Peter Wallace said he was thrilled to bring someone with such experience over the BNK as the company looked to grow this year.
“He has a wealth of expertise in business strategy, along with demonstrated achievements in digitisation, customer journey experience, governance models and marketing, specifically related to digital banking.
“As we focus on delivering our growth plans, I am confident the board has the right mix of skills to provide appropriate guidance and oversight to our executive team,” he said.
