Tuesday, April 17, 2012
02 April 2012
Experienced consultant and company director Jan Bowe has been appointed as QT Mutual Bank’s newest Director, bringing the Bank’s Board to an equal membership of four women and four men.
With women accounting for just over 15 percent of Australia’s senior executive and board-level positions, the average proportion of women on boards of the Big Four banks is still only 23.8 percent – more than 26 percent less than QT Mutual Bank.
Ms Bowe brings extensive senior executive experience in banking and financial services, specialising in corporate strategy and strategic marketing, including senior executive roles with both Commonwealth Bank of Australia and Suncorp Metway.
QT Mutual Bank Chairman Peter Whitelaw said Ms Bowe’s background equipped her with knowledge and experience welcomed by the QT Mutual Bank Board.
"Jan has strong working expertise in the governance of mutuals, both as a non-executive director for Combined Dispensaries Friendly Society and as a senior executive with one of Australia's most iconic mutuals, the NRMA," Mr Whitelaw said.
"Combined with a track record of contribution to the community and the not for profit sector, Jan has an appreciation and understanding of the challenges facing membership organisations.
"We are confident Jan will complement the gender-balanced QT Mutual Bank Board as we reach our six-month milestone as a mutual bank."
Incoming Director Jan Bowe said she is pleased to be joining QT Mutual Bank after such a significant transition.
"QT Mutual Bank is at a point of real change and there are so many tremendous opportunities for the Bank, its members and its staff," Ms Bowe said.
"It was the courage to embark on this transformation that really drew me to express interest in joining the Board.
"Joining QT Mutual Bank at this time enables me to make a real contribution to the strategic direction, the development of an enlarged suite of products and services and to an enriched member proposition."
Directors are responsible for the Corporate Governance practices of QT Mutual Bank, with primary responsibilities including approval of the Annual Financial Statements, establishing long-term goals and strategic plans and the development of policies for the efficient management of Queensland’s first mutual bank.
Ms Bowe’s key career achievements include the development of a member value strategy for NRMA, designing a loyalty program, and developing and evolving the brand strategy.
Ms Bowe also developed a retail banking strategy for the Commonwealth Bank of Australia, taking a customer centric approach to gain an understanding of customer segments.
Qualifications include a Bachelor of Health Administration, Masters of Business Administration and Graduate of AICD Company Directors' Course.