Big four bank alumnus Jake Bromwich has been announced as Beyond Bank’s next chief executive, replacing the mutual bank’s long-serving head Robert Keogh.
Announcing his appointment on LinkedIn, Beyond said its new chief executive will be accountable “for leading… its aspiration to become the world’s best relationship bank”.
Joining the mutual banking sector for the first time, Bromwich’s career to date has seen him hold a number of senior positions across Westpac-owned subsidiaries, including, most recently, a four-and-half-year stint as managing director of mortgage lender RAMS.
Prior to joining RAMS, Bromwich was chief of staff of Westpac’s consumer bank for just under two years, with responsibility for the bank’s multi-brand strategy, as well as supporting its Hayne Royal Commission response.
Bromwich also served as BankSA’s head of SME business banking for just over two years.
Outside the Westpac fold, he also spent more than eight years with ANZ, most recently as the bank’s head of commercial small business managers between 2012 and 2014.
Beyond recognised Bromwich’s “wealth of banking experience” across numerous frontline, operational and strategic roles.
Beyond Bank chair Sam Andersen said the bank’s latest exec recruit was selected following an “exhaustive national recruitment process”, acknowledged for his “expertise and leadership style, as well as his commitment to our strategy, values and culture”.
Bromwich fills the vacancy left following the departure last month of Beyond’s long-serving chief executive Robert Keogh.
Keogh notched up more than four decades with the mutual bank, the last 13 of which as Beyond’s chief executive.
“Beyond Bank has prospered under Robert’s [Keogh] leadership, completing more than 10 mergers and steadfastly growing in membership and assets,” the bank said in a statement.
Keogh was recognised for his role in delivering an innovative community business model, support for customer service and technology functions, and Beyond’s sound credit position, as well as the culture and values he instilled in the B Corp bank.
Beyond boasts more than 275,000 members. The bank, which as a B Corp maintains strict environmental, social, and corporate governance (ESG) principles, this financial year recorded a net profit after tax of $35.5 million, equalling last year’s result.
The bank’s loan book increased by 9.0 per cent, or $61 million, with member deposits growing by 5.8 per cent or $383 million.