BOQ builds the foundations

Relatively new CEO Stuart Grimshaw has an opportunity to wipe the slate clean at Bank of Queensland, and the announcement of a first-half loss and capital raising is a mixture of opportunity and necessity.

Stuart Grimshaw, as both the new chief executive of Bank of Queensland and as a vastly experienced banker, would have known that an incoming bank CEO only really gets one opportunity to wipe the slate clean.

Today’s announcement of a first half loss for the bank and a $450 million capital raising is therefore a mixture of opportunity and necessity.

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