Appointment follows retirement of Steve James
Teachers Mutual Bank Limited has appointed Anthony Hughes as its new CEO, following the retirement of long-serving CEO Steve James.
The customer-owned bank’s chair Maree O’Halloran welcomed Hughes (pictured above) and acknowledged his extensive financial-services experience and track record of delivering strong customer outcomes.
“Anthony’s extensive financial services and leadership experience, coupled with his strategic capability will be assets to our bank as we continue to work hard to service the needs of our members,” O’Halloran said.
“His experience leading a diverse portfolio of financial service businesses and large-scale transformations put him in good stead to lead TMBL through our next growth phase.”
Having held senior executive positions at some of Australia’s largest banks, most recently as managing director of mortgages at Westpac after managerial roles at BT Financial Group, CBA and NAB, Hughes said he was looking forward to his new role and wanted to build on the bank’s reputation as a socially responsible bank.
“I am focused on building on the history and mutual values of TMBL to support the financial wellbeing of our members, ensuring our members are always put first and that our service, products and digital banking offer continues to evolve as we strive at all times to be a bank for good, for those who do good,” Hughes said.
O’Halloran acknowledged James’ legacy and thanked him for his unwavering commitment and dedication to the bank, its staff and members.
“Steve has been an integral part of Teachers Mutual Bank Limited shaping and maintaining the strength, security and sustainability of the bank,” she said.
TMBL members will have an opportunity to meet Hughes, and farewell James, at the bank’s AGM on Saturday, November 18.
Hughes started at TMBL on Tuesday, October 17, and will work alongside James until he retires on Friday, October 27.
Earlier this year, the bank announced that its car fleet would be 100% electric vehicles within four years.
TMBL was named by Ethisphere as one of the World’s Most Ethical Companies for the 10th consecutive year and is one of only four banks to have received the honour this year.
Teachers Mutual Bank Limited includes Teachers Mutual Bank, Firefighters Mutual Bank, Health Professionals Bank, UniBank and digital bank Hiver.
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