Rabobank Australia, part of the Netherlands-headquartered Rabobank Group, has appointed Carolyn Colley (pictured) to its board of directors, effective April 1, strengthening the bank’s leadership with her expertise in financial services and technology.
Chair James Fazzino announced the appointment in a statement, highlighting Colley’s more than three decades of executive experience across the financial, technology and innovation sectors.
“Carolyn’s extensive leadership experience spanning financial services, technology, product development and innovation will add great value to the board of Rabobank as the bank continues to develop and grow in the Australian market,” Fazzino said. “Carolyn has a very strong understanding of the financial services marketplace and has played a leading role in the development of fintech in Australia.”
According to a news release, Colley has held executive roles at Macquarie Bank, St George Bank and BT Financial Group. She also co-founded Faethm, a global software-as-a-service analytics platform designed to help organisations and governments respond to future-of-work challenges, where she served as chief operating officer.
In addition to her new role with Rabobank Australia, Colley is an independent non-executive director of Count Ltd, sits on the Australian Securities Exchange’s Clearing and Settlement boards, and is a director at salary packaging provider Smartgroup. She also holds governance roles with Milford Asset Management in New Zealand and chairs its Australian subsidiary.
Outside the corporate sector, Colley serves as chair and treasurer of Liverpool Neighbourhood Connections, a community-based not-for-profit organisation.
Colley joins Rabobank Australia’s board alongside directors Christine Feldmanis, Clive Stiff, Geerten Battjes, Angelique Meddeler, and CEO Mark Wiessing.
In Australia, Rabobank Australia is a major lender to the agricultural sector and provides corporate and business banking services, as well as retail savings through Rabobank Online Savings.
The bank recently reduced the variable base rate on its rural loans by 0.25% per annum. This decision aligns with the Reserve Bank of Australia’s cash rate reduction, aiming to ease financial pressures on primary producers facing high input costs.
What are your thoughts on the recent appointment? Share your insights below.
