The Board of Auswide Bank Ltd. announced the retirement of the Managing Director, Martin Barrett. Martin has decided to retire from the role effective 31st December 2023. Mr. Barrett joined Auswide in February of 2013 as CEO and was subsequently appointed Managing Director in September of 2013.

The group has grown from an asset base of $2.6b at the 30th June 2013 to $4.8b at 31st December 2022. Mr. Barrett will continue in the role of Managing Director across the remainder of 2023, as the Board undertakes a comprehensive recruitment process to identify an appropriate replacement. Further announcements will be made once these arrangements are finalised.