BSP PNG | BSP Financial Group Ltd (BSP), the Pacific’s leading financial institution, have announced changes to its Leadership team. The BSP Financial Group Limited today announced the appointment of two new roles within the Executive leadership team to further support the Bank’s Modernisation for Growth strategy. These changes were announced earlier on Wednesday 7th August 2024 on the Australian Securities Exchange (ASX) as well as the Port Moresby Exchange (PGX). Group CEO, Mark Robinson announced the appointment of Peter Beswick, to the role of Deputy CEO. Peter Beswick has been BSP’s Group General Manager, Corporate Banking since 2011 having held executive positions in Corporate Banking, Audit, Risk Management and Business advisory across Australia and Southeast Asia. Hari Rabura has been appointed as Group General Manager Corporate Affairs & Community. Hari has served as BSP’s Group General Manager People & Culture, since 2016. This new appointment will support the Group’s commitment and investment across the communities in which it operates in across Papua New Guinea and the broader Pacific markets. As a result of these changes the following appointments within the current Executive leadership team have been made. • Daniel Faunt is appointed Group General Manager Corporate Banking; Mr. Faunt is currently Group General Manager Retail Banking. • Ronesh Dayal, currently Group Chief Financial Officer has been appointed Group General Manager Retail Banking. • Maryann Lameko-Vaai, currently Group General Manager Pacific Markets is appointed Acting Group Chief Financial Officer. • Paul Black is appointed Group General Manager Pacific Markets; Mr. Black is currently Deputy Group General Manager Corporate Banking. • Peter Komon is appointed Acting Group General Manager People & Culture until a permanent executive is appointed. Mr. Komon is currently Head of Payments. These changes are effective from the 19th of August 2024. The remaining executive leadership positions remain unchanged: • Nuni Kulu, Group Chief Operating Officer. • Rohan George, Group General Manager Treasury & Markets. • Mike Hallinan, Group Chief Risk Officer. • Vandhna Narayan, Group Chief Compliance Officer. • Richard Nicholls, Group Chief Information Officer. Mr Robinson said the appointments all came from within BSP’s current executive & senior leadership team, and he was pleased that BSP had the depth of experience to fill the new leadership roles and further develop senior talent. “All the executives are experienced leaders, deeply familiar with the South Pacific region in which we operate” “Their appointments show the depth of banking experience at BSP and will enhance the execution of our modernising for growth agenda.” The appointments are subject to the relevant regulatory approvals.