BankVic has promoted Anthony De Fazio to chief executive officer, a position he has held in an acting capacity since April. De Fazio, previously the chief financial officer, replaces Stephen Capello, who shifted to Hume Bank as its CEO. "BankVic is on a strategic path of growth and sustainability", Wayne Taylor, chair of the mutual bank's board, chirped in a media release. Formerly trading as Police Credit, BankVic converted to its present status in 2012. These days the bank's strongest links into public sector employment are in the health sector, with the bank bucking the industry trend and investing in new branches to cater to these customers.The bank has more than 110,000 and assets of A$1.6 billion at last balance date.Prior to joining BankVic, De Fazio held senior roles in Kinetic Super as general manager, finance; CFO at YMCA; and has held investment and finance roles at AGEST Super, NAB and ESSSuper.