BNK Banking Corporation Limited announced the retirement of Chairman, Don Koch and Jon Denovan, BNK's Independent Deputy Chairman, has been elected as Independent Chairman of the Company following the retirement of Don Koch, effective September 18, 2023. Mr. Koch intends to remain on the Board as a Non-Executive Director until the conclusion of the Company's 2023 annual general meeting in November 2023. Mr. Denovan is a leading lawyer in financial services regulation, with significant banking, commercial, and property experience.

He joined the BNK Board in 2019 and holds directorships with several other finance and property private companies. Mr. Denovan thanked Mr. Koch for enabling an orderly transition of his duties. BNK has also appointed Danny Davies as Company Secretary, effective September 18, 2023.

He replaces Sophie Raven, who has resigned to focus on other opportunities. Mr. Davies has over 20 years of legal and governance experience and provided governance and company secretarial services for many listed and non-listed Australian and international companies.