Business
BoQ set to unveil ME Bank takeover – Sydney Morning Herald
Bank of Queensland chief executive George Frazis is expected to expand the bank’s loan portfolio by about 50 per cent as it swoops on ME Bank
Mr Wamsteker, who lead ME Bank from 2000 to 2009, said the boutique lender was initially established to create loyalty between super funds and their members.
When ME bank was set up, the industry funds were not fledging but young in their history. Now they have much greater maturity, much greater market share, investment returns and better service to members.
Its arguably not as important to offer a wide range of products. They can just say were good at what we do so you should come to us.
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