AAP Finance

UBank boss Hatton to lead Suncorp’s bank

By AAP Newswire

Suncorp has tapped UBank chief executive Lee Hatton to replace David Carter as boss of the group's banking and wealth division.

Ms Hatton - who has headed-up the online lender since 2015 - will join Suncorp at an unspecified time before July 2020.

Mr Carter had flagged in October he would be leaving Suncorp's banking division in early 2020 for the head role at Queensland's peak motoring body, RACQ.

Ms Hatton's is the latest executive appointment in a year of boardroom change at the group, with interim chief executive Steve Johnston appointed on a permanent basis in September.

Former boss Michael Cameron stepped down in May with Mr Johnston - who was chief financial officer at the time - filling the breach.

"Lee's mandate is to ensure Suncorp Bank builds on its position as a strong regional bank with an unwavering focus on its customers and their local communities," Mr Johnston said on Friday.

Ms Hatton has previously held senior roles at BNZ, National Australia, Bank and Great Western Bank in the US.

Suncorp also announced on Friday it would make permanent Jeremy Robson's role as group chief financial officer, after he took over from Mr Johnston on an interim basis in May.

Suncorp shares had climbed by 0.73 per cent to $13.195 by 1406 AEDT following the announcement.

The group in October announced it would be offloading its Capital S.M.A.R.T. smash repair business to AMA Group for $420 million in a move that will allow it to better focus on its core operations.

Suncorp lifted FY19 cash profit 1.1 per cent to $1.115 billion and in August confirmed it was handing another $506 million back to shareholders from the sale of its life insurance business.