NGM Group picks James Cudmore to replace Bernadette Inglis as chief executive
James Cudmore takes over from Bernadette Inglis early next year, after a regulatory process.
Bernadette Inglis is stepping down as chief executive of NGM Group after more than seven years. The board has chosen James Cudmore, currently chief customer and digital innovation officer, to take over.
Mr Cudmore will start as chief executive early next year. The appointment still needs a review by the Australian Prudential Regulation Authority and ASIC, the corporate watchdog.
Boards must check that bank chief executives are fit and proper before appointing them. The checks include background and criminal record checks.
Since the merger with Greater Bank in 2023, the group has increased home lending and customer deposits by more than 20 per cent. Its assets now stand at a record $25.1 billion.
- $25.1 billion, a record
- Assets
- $20 billion
- Merger size
- more than seven years
- Inglis tenure
Why it mattersThe new leader will steer a bank with $25.1 billion in assets, shaping its loans, branches and services.
AustraliaNGM Group customers may get a new chief early next year, and its head office moves to Newcastle West in 2028.
✓ Claims checked against the source. checked 3 h ago
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