MyState announces new CEO

by Mike Wood13 Oct 2021

MyState Bank has announced the succession plan for their outgoing CEO Melos Sulicich, with Sydney-based Brett Morgan to take over from January 2022.

It marks a significant statement of intent from the Tasmania-based bank, as Morgan represents a further step into the New South Wales and Victoria markets.

Morgan comes over from BNK Banking Corporation – owners of aggregator Finsure – where he was CEO, banking and wholesale. With him he brings extensive broker experience, honed via both BNK and Finsure, as well as digital banking background from his time at ING DIRECT, the first digital bank in Australia.

Morgan represents the next big move into the New South Wales and Victoria markets, as well as a further play at the broker channel.

Of late, they have added BDMs in NSW and VIC to their new hires in head of lending distribution and general manager banking, both of whom are based in Melbourne.

READ MORE: MyState sets out proposition to broker channel

Speaking to Australian Broker on announcing his retirement, Melos Sulicich laid out the proposition that MyState seeks to bring to the broker channel.

“Our aim is to give brokers a really good experience in using MyState,” he said. “We’re focused on service delivery and having a simple, easy to understand product set that is aimed at the broad population. When a broker makes an application with us, we want it to be easy and we want to give them an answer really quickly.”

“We’ve had a long-standing turnaround time of two days or less than two days to conditional approval, and around about a week to ten days for unconditional approval. We’re focused on getting that service delivery as fast and as crisp as possible for brokers so that they know the position that they’re in and the position that their customer is in.”