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Judo Bank chief executive Chris Bayliss is shuffling his executive deck and cutting up to 50 jobs in his first major move since taking over the company in February. Chief risk officer Frank Versace will move into the chief strategy and growth officer role from July 1, the business-focused bank said on Thursday, with relationship banking managing director Stephen Mifsud being promoted to an executive general manager role in the same department.
“These changes will allow Judo to recruit more relationship bankers, continue growing into new regions, and further invest the bank’s growth agenda,” it said. Mr Bayliss said Judo’s new operating model would “deliver continued strong growth”. That bank re-confirmed its guidance for full-year before-tax profit of up to $105 million, despite an increase in customer arrears. Gross loans were $10.
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