Maree O'Halloran has been elected as chair of Teachers Mutual Bank, after John Kouimanos decided to step down for personal and family reasons. Kouimanos had been chair since 2008, guiding the previous Teachers Credit Union to become Teachers Mutual Bank. O'Halloran, who joined the Teachers Mutual board in October 2009, has practised as a solicitor for many years, and is a former president of the NSW Teachers Federation. She is the second woman to chair the bank - the first was in 1968. Kouimanos will remain as a director of the bank. Australian non-bank corporate lender, Metrics Credit Partners, is to test the bond market, aiming to raise A$300 million through an issue of senior unsecured notes. For this, Metrics has mandated UBS, the Commonwealth Bank of Australia, the Bank of China and Sumitomo Mitsui Banking Corporation to host a roadshow for a prospective bond issuance, which will be a first for Metrics. Funds raised will be allocated to the Metrics Credit Partners Diversified Australian Senior Loan Fund, a BBB+ rated wholesale vehicle. Its assets under management total almost $3 billion, and 79 per cent of these are secured loans.