Former eftpos COO named new chief of Regional Australia Bank

  • By Elizabeth Fry

David Heine has been appointed as chief executive of Regional Australia Bank, replacing Kevin Dupe who plans to retire. 

Heine has worked in the banking and finance sector for almost 20 years including 14 years as Cuscal’s where he variously ran risk management and product development before moving to eftpos Payments Australia in 2013. 

There, he worked as chief operating officer before taking on the role of chief financial officer. 

In October 2017, Heine was appointed as managing director of Cardtronics in Australia until March last year where he became executive general manager of Linfox Armaguard. 

The former eftpos executive brings extensive board experience including with eftpos, the Australian Payments and Clearing Association and the Credit Union Financial Support System. 

Regional Australia Bank chair, Graham Olrich said there was an extensive selection process to secure the right replacement for the outgoing chief executive. 

“On behalf of the board, I would like to congratulate David on his appointment as he builds upon the foundations that Kevin has so successfully laid and begins a new leadership chapter for Regional Australia Bank.  

Championing regional Australia 

For his part, Heine said he looked forward to taking the helm at Regional Australia Bank - which has $2.4 billion in assets - and championing regional Australia. 

“I am excited to work with Kevin’s fantastic leadership team and the hardworking staff at Regional Australia Bank who are all such a strong and talented group of dedicated professionals,” he said. 

“I thank the board for the opportunity and trust they have shown me in taking on this leadership chapter for Regional Australia Bank and I am thrilled to continue the great work of my predecessor. 

“I believe in the difference that mutuality brings in allowing us to remain focused on creating and delivering value to our members. 

As a born and bred country boy, Heine added that he’s always had an affinity for regional Australia. 

“I am excited by the opportunity to help other regional Australians with their day-to-day financial challenges through relationships based on respect, integrity, and fairness.”