BOQ now has a COO
March 1, 2010
Bank of Queensland Limited (BOQ) this morning announced the appointment of current Chief Financial Officer Ram Kangatharan to the newly created position of Chief Operating Officer to oversee the day-to-day operations of the Bank, effective 1 March 2010.
The bank said the in the role, Mr Kangatharan responsibilities would include achieving a cost-to-income ratio of 45% by 2011 and 15% return on equity by 2012.
A search for a new CFO is underway, the bank added.
In other news, the bank said it yesterday it has priced a $1.0 billion 10 March 2015 domestic bond issue, split between $450 million fixed and $550 million floating.
At the close Monday, Bank of Queensland shares were $11.18 each.
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