Bank picks CEO

— 1 minute read

A bank has confirmed its acting chief executive as its new boss.

Michael Anastasi

Qudos Bank has appointed Michael Anastasi as CEO, after he has been acting the role for more than a year following the departure of previous CEO Scott King. 

Mr Anastasi has been the company’s chief financial officer since 2007.


Qudos chair Mark Boesen said Mr Anastasi’s “deep” understanding of the bank’s operations, its customers and people will provide for a smooth transition. 

“In this difficult time of worldwide hardship and uncertainty, ensuring we have the right leader to achieve a strong course for Qudos is vital,” Mr Boesen said. 

“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 added his current focus is supporting the bank’s 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 am inspired by the resolve and ingenuity that [have] been demonstrated by our people,” he said. 

“It’s impressive how quickly our teams have been able to support Qudos’ customers during this difficult time, as well as each other. 

“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, customers relationship management and campaign management system upgrades, whilst ensuring our products continue to provide customers great value.”

Mr Anastasi added on the other side of the pandemic, the bank will be sharing its rebrand that has been in the pipeline for the last 18 months.


Bank picks CEO
Michael Anastasi
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Sarah Simpkins

Sarah Simpkins

Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth. 

Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio. 

You can contact her on [email protected].

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