Bank of Queensland Installs Rod Finch as CEO as Patrick Allaway Retires

Rod Finch became chief executive and managing director of Bank of Queensland on 1 March 2026, succeeding Patrick Allaway, who retired from executive duties the previous day. The appointment, first announced on 28 January 2026, places an internal executive in charge of the Brisbane-based lender.

Finch moves to the chief executive role from his previous position as BOQ's Chief Transformation and Operations Officer, a role that gave him direct responsibility for the bank's programme of structural and systems change.

The board expressed confidence in his ability to carry the transformation through to completion.

Allaway had led BOQ through a period that included work to respond to two enforceable undertakings and the build of a digital retail bank.

TRANSFORMATION PROGRAMME

Under Finch's stewardship as Chief Transformation and Operations Officer, BOQ digitised its retail bank and ran a programme to uplift operational and risk performance with the aim of reducing costs and improving the reliability of customer-facing operations. The bank's stated objective has been to build a more efficient operating model capable of sustaining competitive returns without relying solely on margin expansion.

Allaway formally concluded his executive duties on 28 February 2026 and Finch began his tenure the following day.