The Hunter-based Greater Building Society yesterday appointed a new CEO, with Scott Morgan replacing Don Magin who stepped down last month after more than six years in the role.

Scott is The Greater’s chief risk officer and a member of The Greater executive team.

Greater chairman Wayne Russell said the Board took the time to go through an exhaustive national search but found Scott to be the best candidate for the role, with the right balance of knowledge of The Greater as well as external experience to lead the organisation as it continued to meet customers’ changing needs and provide much needed competition to the major banks.

“Scott has very strong risk management and financial management skills and he is passionate about innovation and process improvement to benefit customers and staff,” Wayne said.

He said Scott will be well supported by deputy CEO Greg Taylor, who has more than 35 years experience with The Greater.

“We have an outstanding team in Scott and Greg who will continue to ensure The Greater is a strong, well managed financial institution that always puts customers first,” Wayne said.

“They will be focussed on ensuring The Greater continues to evolve as a major financial institution offering a greater way of banking for people in regional areas.”

Scott has worked for The Greater for more than seven years and was appointed to The Greater’s executive by Don Magin when he became CEO. Prior to that, he worked for more than six years as a senior manager at PwC Australia.

He has a Masters in Risk Management from The University of NSW and is a member of the Institute of Chartered Accountants.

Newcastle born and bred, Scott lives in Newcastle with his wife and child.

Image | L-R Scott Morgan, Wayne Russell and Greg Taylor