Bendigo and Adelaide Bank has appointed Richard Fennell as chief executive, succeeding Marnie Baker in the task of mounting a credible challenge to the big four’s stranglehold.
Analysts expect a smooth transition; Mr Fennell has been chief customer officer for Bendigo’s consumer bank since 2018, having joined the regional lender in 2007.
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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au
