Bank of Queensland: BoQ belatedly reveals executive's exposure to $42m in loans
Many finance executives take out home loans with their employer, but few disclose $42 million in commercial loan exposures.
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Many finance executives take out home loans with their employer, but few disclose $42 million in commercial loan exposures.
Until last month, the Bank of Queensland gave every indication things were going well under its star chief executive.
At the heart of the immediate removal of Bank of Queensland chief executive George Frazis are differences over style and strategy.
Chairman Patrick Allaway is taking the reins in a move that had been denied several months earlier.
After copping a rare public admonishment from his chairman last month, Bank of Queensland CEO says they are aligned on ‘what’s really important’.