Teachers Mutual Bank names new CEO

Teachers Mutual Bank names new CEO

Anthony Hughes, a veteran of the Australian financial services industry, has been named the new CEO of Teachers Mutual Bank Limited following the retirement of long serving CEO Steve James, who steps down from the role later this month.

Following the announcement, the Bank’s Chair, Maree O’Halloran acknowledged Hughes’ extensive financial services experience and track record of delivering strong customer outcomes. 

“Anthony’s extensive financial services and leadership experience, coupled with his strategic capability will be assets to our Bank as we continue to work hard to service the needs of our Members,” O’Halloran said.

“His experience leading a diverse portfolio of financial service businesses and large-scale transformations put him in good stead to lead TMBL through our next growth phase.” 

Having held senior executive positions at some of Australia’s largest banks, most recently at Westpac, incoming CEO Anthony Hughes said he was looking forward to his new role and to building on the Bank’s reputation as a world-leading, socially responsible Bank.

“I am focused on building on the history and mutual values of TMBL to support the financial well-being of our Members, ensuring our Members are always put first and that our service, products and digital banking offer continues to evolve as we strive at all times to be a bank for good, for those who do good,” Hughes said.

A proud legacy

O’Halloran thanked the outgoing CEO for his “unwavering commitment and dedication to the Bank, its staff and Members”.

“Steve has been an integral part of Teachers Mutual Bank Limited shaping and maintaining the strength, security and sustainability of the Bank,” she said.

“Our Members can look forward to meeting the Bank’s new CEO, Anthony Hughes, and to sharing their well wishes with retiring CEO, Steve James, at our AGM on Saturday 18 November.” 

Hughes formally commenced with Teachers Mutual Bank Limited on Tuesday 17 October 2023, and will work alongside retiring CEO Steve James until he retires on Friday 27 October.