Banking group welcomes new CEO

by Madison Utley10 Aug 2020

A banking group has announced the appointment of its new chief executive officer following the resignation of its former leader several months ago.

BNK Banking Corporation has welcomed Brett Morgan to the helm. He is set to replace Simon Lyons who stepped down from his role as managing director in May 2020, after having also served as CEO and executive director of Goldfields Money Limited from January 2016 prior to its renaming to BNK in 2019.

“Brett is a highly credentialled finance industry professional who has distinguished himself in the sector for the past two decades,” said BNK chairman Jon Sutton.

“Most recently Brett had dual roles as the CEO of LanternPay, while retaining his previous position as the COO of InLoop. Under Brett’s leadership, those companies were industry leading as they combined in-house developed technology with a focus on end-user customer service.

“We are very much looking forward to Brett’s contribution to BNK as we combine technology and quality human skills to provide superior value to enterprising Australians.”

Morgan holds a Bachelor of Economics and Master of Applied Science from Macquarie University in Sydney, where he also spent nearly a decade on the executive team with ING Direct Australia. There, he led the development and execution of ING’s retail bank strategy as executive director. He was also responsible for more than 7,500 staff as head of marketing, private banking and branch banking with ING’s Vysya Bank at Bangalore in India.

Morgan will also lead BNK-affiliated brand Better Choice Home Loans.

“It’s a huge thrill to have been appointed as CEO of BNK Banking Corporation and to have the opportunity to deliver further success for a significant Australian challenger bank,” Morgan said.

“I hope I can bring my banking and wider industry experience to a business that has a tremendous opportunity to make a difference.

“I very much look forward to playing my part in helping the BNK Board to continue to achieve exceptional results for the group and great returns for our shareholders.”