Bank of us appoints new Chair

Tasmania’s only customer owned bank, Bank of us, has appointed Helen Galloway as the new Board Chair.

In accepting the position, Ms Galloway said she was thrilled to be taking on the role at the bank, which is owned by its Tasmanian customers and operated throughout Tasmania.

"The bank’s 5 year Strategic Plan places Tasmanians at the heart of banking, and we intend to assist our customers and Tasmanians more broadly in the quest for greater financial literacy.”

“Our vision is to be the bank of choice for Tasmanians by offering products and services that provide ‘real’ value for our customers – a key point of differentiation in our industry. Tasmanians deserve the opportunity to bank with an organisation that puts the needs of its customers, who are its owners, at the forefront of decision making,” said Ms Galloway.

Ms Galloway is an experienced non-executive director with core skills in commercial strategy, finance, IT and analytics and is a fellow of CPA Australia, Graduate of the Australian Institute of Company Directors (GAICD) and has degrees in Information Systems and Commerce.

Ms Galloway was appointed as a Director of Bank of us on 29 October 2019 and is a current member of the Board Remuneration Committee and Chair of the Board Corporate Governance Committee.

Bank of us CEO Paul Ranson welcomed Ms Galloway’s appointment.

“Helen’s experience in senior executive roles at large corporate organisations has provided her with the skills and background needed to excel as Chair,” Mr Ranson said.

“Helen has been a valuable member of the board since 2019, and I look forward to working closely with her on the future strategic direction of the Bank.”

Ms Galloway takes over from Mr Scott Newton, who has served as chair since October 2020. Mr Newton continues to be a Board director.

Mr Ranson thanked Scott for his time at the helm, during what was a challenging period, navigating the new normal of life with COVID.