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Judo Bank co-founder Joseph Healy to step down as CEO

Joseph Healy will depart Judo Bank in June, after launching a financial institution designed to provide a better deal to entrepreneurs.

Banking Day

Credit impairments and asset quality are on the slide at Judo Bank, inevitably. And now Judo has anointed Chris Bayliss as its new CEO, as Joseph Healy exits stage left.

ASX JDO: Judo Bank shares leap one day after being downgraded from buy to sell

The additional clarity on the 2024 targets has provided some relief to investors, who had watched the shares fall 30 per cent over 2023.

Banking Day

Judo Bank released some headline numbers for the December half-year yesterday, ahead of the report of its interim financial results next month, as well as a forecast that its net interest margin will fall below 3 per cent in the June half.

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