Incoming Beyond Bank CEO Jake Bromwich
Jake Bromwich, an ANZ and Westpac-trained banker, has joined Beyond Bank as its CEO-designate.
Bromwich, 41, most recently was CEO of Westpac’s RAMS Home Loans division. He has extensive experience in business banking with both ANZ and Westpac.
He joined Beyond last Monday and will work alongside retiring CEO Robert Keogh, before taking the reins after the mutual bank’s AGM later this year.
Given his RAMS experience, Bromwich will have deep knowledge of the mortgage broking industry, which may suggest Beyond’s board may be looking to aggressively expand its lending via brokers.
With A$7 billion in assets, Beyond is the seventh-largest mutual bank in Australia. It reported a net profit of $36 million over the year to June 2022.
There is precious little data on RAMS shared by Westpac in its financial reporting, so essentially nothing is known on the prosperity or otherwise of RAMS.