The new structure will have a13-member executive team comprising six representatives from each bank and a group managing director.
Former Bendigo Bank chief operating officer Mike Hirst will move into the role of chief executive of the retail bank.
Hirst will be joined on the retail side by Russell Jenkins and Marnie Baker in the roles of chief general managers of retail customers, and solutions and product, respectively.
Former Adelaide Bank group managing director Jamie McPhee has been hired to the role of chief executive of the wholesale bank.
McPhee has also been appointed to the merged group's board as executive director.
In other internal appointments, Tim Piper will move into the role of chief general manager of wholesale mortgages while Philip Riquier will take on the role as chief general manager of portfolio and business. Anthony Baum has been appointed to the role as chief general manager of wealth financing and product.
As well as operating the retail and wholesale arms, the merged bank will also run five major corporate service divisions.
The merged group will be named Bendigo and Adelaide Bank. The change of name will not impact branding.
Bendigo and Adelaide Bank will have about $7 billion of funds under management and advice and loans under management of more than $43 billion.
It will have more than 380 branches covering all states and territories and plans to open another 25 branches later this year or early next year.
Bendigo Bank confirmed in late June that it had ceased merger arrangements with Bank of Queensland in favour of discussions with Adelaide Bank.
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