Finsure co-founder and former ABC MD join BNK board

The non-major bank has announced new additions to its board, including Finsure co-founder Calvin Ng as a non-independent, non-executive director of the board.

Mr Ng is a co-founder of aggregation group Finsure, which merged with Goldfields Money Limited in 2018, to form BNK Banking Corporation (BNK). He is also the co-founder and managing director of funds and wealth management firm, the Aura Group.

He has consulted to BNK supporting capital management initiatives and the implementation of the group’s securitisation warehouse arrangements and has experience in investment banking, mergers and acquisitions and funds management experience.

Mr Ng is also currently a non-executive director of Integrated Portfolio Solutions Pty Ltd, Institchu Holdings Pty Ltd and Bullion Asset Management Services Pte Ltd.

As well as Mr Ng’s appointment, BNK has also welcomed Michelle Guthrie to the board as an independent non-executive director.

Ms Guthrie has extensive media and funds management experience, having been managing director of the Australian Broadcasting Corporation (ABC) between 2016 and 2018 and having spent several years as an equity adviser and investor for Providence Equity covering Asia Pacific.

Both appointments have received regulatory approval and commenced in their new positions last week.

Commenting on the appointments, BNK chairman Don Koch said: “We are pleased to welcome Michelle and Calvin to the Board of BNK. 

“They both have extensive experience as listed company directors and will enhance the diversity of skills and experience of the board as it guides the group on its growth journey.”

Ms Guthrie and Mr Ng will offer themselves for election by shareholders at BNK’s 2021 Annual General Meeting to be held in November 2021.

The board has been undergoing some changes recently, after welcoming banking, technology and telecommunications executive Elizabeth Aris as an independent non-executive director last month, and farewelling chairman and non-executive board director Jon Sutton, who stepped down from his position earlier this month to focus on his ongoing commitments as CEO of business lender ScotPac.

[Related: BNK chair steps down]