ME Bank CEO leaves
ME Bank CEO Jamie McPhee has left the bank after ten and half years with the bank.
During that time, ME Bank grew its customers from 234,000 to 542,000 and assets to about $30 billion.
He leaves at a time when the bank was embroiled over the bank’s decision to scale back its redraw facility.
Adam Crane will take on the job as acting CEO.
“In deciding to call time, I know the bank is in a strong position financially and is well placed for the future, but that the industry challenges ahead and resulting need for change, will require a long-term commitment,” McPhee said in a statement.