Bank of Sydney has appointed former MyState chief executive Melos Sulicich as its new CEO. Sulicich was CEO of MyState for seven years before leaving the Tasmanian group in 2021. He has also had senior roles at Rams and Colonial. He is currently a director of Challenger Bank and a part-time director of the Australian Banking Association. Credit Clear, which provides digital services in the debt collection market, has raised A$8.5 million of equity capital. The company said the funds would be used to cover “initial onboarding and integration costs” of recently contracted clients. It said that in the past six months it has won several “marquee” clients in the government, insurance and consumer sectors. The Australian Financial Complaints Authority has appointed Shail Singh as its lead ombudsman, investment and advice. Singh is a lawyer who has worked for WorkSafe Victoria and the Medical Practitioners Board of Victoria. He has also worked as a financial planner. He joined AFCA’s predecessor, the Financial Ombudsman Service, in 2010 and was appointed as an ombudsman in 2018.