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Bendigo and Adelaide Bank adds non-executive director

Bendigo and Adelaide Bank adds non-executive director

3 minute read

The regional bank has added an experienced digital executive to its board.

Bendigo and Adelaide Bank has announced Alistair Muir will join the bank’s board as a non-executive director beginning 12 September.

Mr Muir has almost 20 years' experience at the forefront of finance and technology and is currently MD of boutique growth advisory business, Vanteum.

He has advised a number of banks, insurers and fintechs on Open Banking and the Consumer Data Right (CDR) and has also advised the governments of three countries on fintech and digital innovation.

The bank said that Mr Muir will provide it with valuable perspectives on digital strategy, transformation and innovation.

“Alistair’s digital experience with a range of companies in the financial services and payments space is impressive and highly sought after,” said Bendigo and Adelaide Bank chair Jacqueline Hey.

“He is perfectly placed to assist the bank and help us achieve our vision of becoming Australia’s bank of choice.”

Mr Muir is currently a non-executive director of Genworth Mortgage Insurance Australia and was previously a non-executive director at Humm Group.

Throughout his career, he has worked with a broad range of ASX 50 and Fortune 500 companies in order to successfully launch new digital products and ventures.

This has included supporting the creation of more than 30 new companies from emerging technology in conjunction with the CSIRO and other publicly funded research institutes.

“I am delighted to be joining Bendigo and Adelaide Bank at such an exciting time in their digital and transformation journey,” Mr Muir said on his appointment.

“The bank has taken a number of significant steps in recent years and I look forward to playing a role as it continues on its path to becoming a bigger, better and stronger bank.”

Last month, Bendigo and Adelaide Bank reported that its full-year cash earnings had exceeded $500 million for the first time in its history.

The bank also announced in July that it had agreed to acquire ANZ’s $715 million share investment lending portfolio to help grow its margin lending business Leveraged Equities.

Jon Bragg

Jon Bragg

Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.