Announcing changes to the Bank Australia Board

After six years of service as a Director of Bank Australia and Chair of the Audit Committee, Michelle Somerville has chosen to retire from the Board effective 25 November 2020.

Bank Australia Chair Judith Downes thanked Michelle for her contribution commenting that she has been a respected, effective and knowledgeable member of the Board.

“Michelle bought to the Board her expertise in banking and auditing, and has worked throughout her time on the Board for the benefit of our customers.  We wish her all the best for her future endeavours.”

Bank Australia today announced that Steve Ferguson will join the Board as a Director in late November.

Steve joins the Bank Australia Board after a long career in financial auditing and assurance having retired from advisory firm EY as a Managing Partner in 2018. Throughout his career Steve advised a wide range of major Australia and international businesses in the banking and financial services, infrastructure, telecommunications, and retail sectors.

Steve is an Independent Director of Parkinson’s Australia where he chairs the Audit and Risk, and Nominations Committees, and he is an external member of the University of New South Wales’ Audit Committee.  

On joining the Bank Australia Board Steve said that he was excited to contribute to a leading purpose-driven business.

“I’m proud to be joining a business that is committed to its purpose of empowering people to use their money to help people and the planet thrive.”

“Bank Australia has been successfully building its brand over the past five years and generating impressive growth while maintaining its focus on creating positive impact. I’m excited to now be able to play a part in continuing that success.”

In announcing Steve’s appointment Judith Downes said “I am very pleased to welcome Steve to the Board and I am looking forward to his contribution to the bank with his strong audit background, extensive skills and experience in banking.”