BoQ exec quits

Bank of Queensland senior executive Ram Kangatharan has detailed plans to leave the bank, moving to an unspecified role. Mr Kangatharan was appointed chief financial officer in 2007 and helped steer the bank through the global financial crisis. In mid-2010, the former IT specialist was appointed chief operating officer, a move investors saw as preparing him to take charge from then chief executive David Liddy. But last year the board opted to go outside, tapping former Commonwealth Bank executive Stuart Grimshaw to take the job.