Judo Bank gets new COO, chief risk officer
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The news: Neobank Judo has announced Rosanna Fornarino as its next chief operating officer and said it will appoint Renee Roberts as its chief risk officer.
The numbers: It said current COO Lisa Frazier will leave the bank to pursue new endeavours after being with the company since April 2021. Fornarino, currently COO at Hewison Private Wealth, will replace Frazier on 2 August.
Judo also said Roberts, who is currently the Australian Prudential Regulation Authority's executive banking director, will join as its chief risk officer from 6 September. She has previously held senior positions at QBE and NAB.
The context: New CEO Chris Bayliss said attracting two senior executives with deep banking experience would help Judo to scale up its operations. Judo also said it’s general counsel and company secretary, Yien Hong, will assume an expanded role as chief legal and commercial officer.
The neobank, which listed in November 2021, last month reshuffled some of its executives and also announced it was funding most of its lending growth with deposits, reducing reliance on more expensive warehouse funding.
The source: ASX announcement
