About

Our Board of Directors oversee the strategic direction of Defence Bank, and ensure our statutory and legal requirements are met. Directors serve a term of three years, with elections held annually and are announced at the Annual General Meeting held in November.

Fran Raymond

Fran Raymond

BCom, MBA, FCA, FAICD, GDPPM, FSAA

Chair of the Board

Term of Office

Initially appointed to the Board in December 2010
Most recently re-elected in November 2017

Current Committee Roles

Governance and Remuneration Committee 
Audit Committee 
Risk and Compliance Committee 

Previous Directorships

UN Women (Australia)
Canberra Institute of Technology - Audit Committee
Cancer Australia - Audit Committee
National Education Advisory Committee AICD

Skills and experience

Fran is a Fellow of the Australian Institute of Company Directors and the Institute of Chartered Accountants (Aust/NZ).

Fran began her management consultancy career at KPMG. She’s held Chief Financial Officer roles at The CrimTrac Agency, IP Australia, Department of the Prime Minister and Cabinet, and the National Health and Medical Research Council. She was General Manager Corporate at Rural Industries Research and Development Corporation, and COO of the Australian Reinsurance Pool Corporation. 

Fran was a councillor of the ACT AICD. She was also on the AICD National Education Advisory Committee and served as a Director at UN Women (Australia), chairing the Finance, Audit & Risk and Public Funds Committees.

A finalist in the Telstra Business Woman of the Year Awards, and listed on Australia’s 100 Women of Influence in 2010, Fran is currently employed at the Department of Defence in Canberra.

Lieutenant Colonel Craig Madden

Lieutenant Colonel Craig Madden

BA, MMgt (Defence Studies),GradCert Applied Engr Practice, FAICD, psc

Director

Term of Office

Initially elected to the Board in November 2005
Most recently re-elected in November 2017

Current Committee Roles

Audit Committee
Trustee of the Defence Bank Foundation

Other Positions

Commissioned Officer, Royal Australian Engineers
Deputy Director Operations and Training Area Management - Western Australia

Skills and experience

During Craig’s 14 years as a Director of Defence Bank he has held the appointments of Deputy Chairman of Board, Acting Chairman of the Risk Committee, Chairman of the Governance Committee and Chairman of the Remuneration Committee. He has been a member of the Audit Committee, Executive Committee and the Director Selection Committee. Craig is a Trustee of Defence Bank Foundation.

Craig has served for more than 32 years in the Australian Army Corps of Engineers with command appointments at troop, squadron and regimental levels. He has extensive experience in domestic operations including the Melbourne 2006 Commonwealth Games and 2009 Victoria Fires Recovery Task Force.

Craig commanded US Marines and Army Engineers on operations in Iraq, and was an advisor to an Afghan army colonel in Afghanistan. Honours and awards include US Bronze Star and Deputy Commander Joint Operations Command Commendation.
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Joan Fitzpatrick

Joan Fitzpatrick

BA (Hons) LLB, ANZIIF Fellow, CIP, GAICD

Director

Term of Office

Appointed to the Board in November 2015

Current Committee Roles

Chair of Risk and Compliance
Audit Committee
Governance and Remuneration

Other Directorships

President & Chair, ESS Superannuation Trustee Board
Director, Catholic Church Insurance & CCIAM
Chair, Transaction Capital/recoveriescorp
Director, Maurice Blackburn Lawyers
Director, AFL Players Injury & Hardship Fund
Managing Director & Principal , Alvearium Pty Ltd
Chair, Sacré Coeur, Independent School

Skills and experience

Joan’s executive and director experience covers the corporate, government and not-for-profit sectors.

Originally qualified as a barrister, Joan’s management career began at 20th Century Fox’s fastmoving consumer goods enterprise in London. She went on to hold senior management roles in heavy manufacturing industries, large start-up projects in Europe, and international insurance operations in Asia. For more than 16 years, she worked as CEO and Director of the Australian and New Zealand Institute of Insurance & Finance. 

Joan currently works within a diverse portfolio of non-executive director roles, and consults across a wide range of organisations in the areas of strategic planning, leadership, governance
and risk.

She is often called upon to work with teams to address governance issues and create
frameworks to meet best practice standards and regulatory compliance requirements.

Bruce Murphy

Bruce Murphy

BSc, MCom, PGD, CAIA, GAICD

Director

Term of Office

Initially appointed to the Board in May 2012
Most recently elected to the Board in November 2016

Current Committee Roles

Chair of Governance and Remuneration Committee
Risk and Compliance Committee

Other Directorships

Insight Investment Australia

Skills and experience

Bruce started his career in the Royal Australian Navy, serving as an officer from 1982 to 1990. He has since gained extensive financial services experience across retail banking, superannuation and funds management. His executive responsibilities have included roles in credit analysis, audit, product development and distribution.

Bruce’s senior management career began as a Director, Retail Distribution at Deutsche Asset Management from 2000 to 2004. He then became an executive director with Macquarie Group (2004 to 2009) where he was responsible for local and global distribution of funds management products.

Bruce was Managing Director of BNY Mellon Investment Management from 2009 to 2015, responsible for the Australian Investment Management Business. He now leads Insight Investment’s business for Australia and New Zealand.

Rear Admiral Ian Murray, RAN

Rear Admiral Ian Murray, RAN

BA, GradDipHRM, MDefStud, MA, MBA, GAICD, CAHRI, FCILT, psc

Director

Term of Office

Elected to the Board in November 2016

Current Committee Roles

Risk and Compliance Committee

Skills and experience

Ian has been a Defence Bank member since 1999. With 34 years’ service in the Australian Defence Force, he is currently Commander Joint Logistics and the senior ADF logistician. 

Ian has been Chair of the Navy Canteens Board and a Director of the Navy Relief Trust
Fund Board. A graduate of the Australian Defence Force Academy and the Australian Army Command and Staff Course, Ian has been deployed on operations to the Middle East.

He holds a Bachelor of Arts, a Grad Dip in Human Resources Management, an MBA, a Master of Strategic Studies and a Master of Arts, and has a Capstone Diploma from the US National Defense University. Ian is a graduate of the AICD, a Fellow of the Chartered Institute of Logistics and Transport Australia, and a Certified Professional of the Australian HR Institute.

Anne Myers

Anne Myers

MBA, AGSM, GAICD

Director

Term of Office

Appointed to the Board in November 2015

Current Committee Roles

Chair of Audit Committee 
Governance and Remuneration Committee
Risk and Compliance Committee
Trustee of Defence Bank Foundation

Other Directorships

Council Member, University of New England
Non-Executive Director, Integrated Research Limited
Advisory Board Member Token One
Non-Executive Director, United Way

Skills and experience

Anne is an experienced non-executive director who holds directorships across the banking, education and technology sectors. She has executive level experience spanning retail banking, insurance, funds management and superannuation.

Her most recent executive roles were as Chief Operating Officer of ING Direct, and interim CEO for United Way. Anne’s combination of strong digital and technology skills, coupled with exceptional risk management and strategy experience, enables her to bring a unique perspective to her board roles and to add value across a variety of industries.

With more than 30 years’ experience in the finance industry, Anne provides a sound
understanding of the legislative and regulatory requirements of retail banking.

Call 1800 033 139
phone
BSB 833-205