MyState chief to retire in December

  • By Elizabeth Fry

MyState Bank head Melos Sulicich will retire at the end of the year having stayed on longer than intended to help the bank navigate the effects of the pandemic on the business. 

Sulicich resigned in January 2020 but agreed to stay on as chief executive until this December to manage the lender through the Covid volatility. 

In an announcement to the Australian Securities Exchange, MyState chair Miles Hampton said Sulicich has had a significant impact on the business since joining the bank seven years ago in 2014. 

“Melos has overseen a period of substantial growth for MyState with banking loan book doubling to more than $5.5 billion,” he said. 

The chair said Sulicich had led the digital and operational transformation of the business with MyState now rapidly growing its customer base and loan book across Australia. 

“Melos was instrumental in the success of our recent capital raising and together with the investment in people, technology, and systems that has been the cornerstone of his time with us, means that he leaves the company well-positioned to deliver on the recently-announced ambitious growth plan. 

“MyState is now a modern challenger bank with the people technology and systems needed to compete and grow rapidly in fast-growing markets 

In response, Sulicich said he was confident that the bank was well-positioned to deliver on its growth ambitions. 

He commented: “I take the opportunity to express my appreciation to the MyState team and the board for their support. Together we have built a modern and scalable platform well-positioned for significant growth, both at MyState Bank and TPT Wealth”. 

The bank said it would commence a search for a new chief executive shortly.