Bendigo and Adelaide Bank Limited announced Margaret Payn as a non-executive director, effective 14 September 2023. Margaret is an executive with extensive global experience across financial services including retail banking, institutional banking and wealth management. Margaret also has significant non-executive experience covering publicly listed companies, subsidiaries of large, listed companies and responsible entities for investment schemes and trusts for both public and private markets.

She has worked in Australia, Asia and the UK. Margaret's most recent executive postion was AMP Capital's Chief Financial Officer and Chief Operating Officer for the asset management division and she has held roles as Group Managing Director of Strategy and Marketing at ANZ Banking Group as well as Chief Financial Officer for ANZ's retail bank and General Manager Group Finance for Westpac. Prior to that, Margaret was Schroders Finance Director, responsible for the operational areas for its markets and wealth business in Asia ex-Japan.

Margaret drove the execution of the sale of the investment banking business to Citigroup in Asia and then became the Chief Financial Officer and Chief Operating Officer for Citigroup Australia's Corporate and Investment Bank. Margaret holds a Bachelor of Arts with honours in French with Pure Mathematics from London University and is a Fellow of the Institute of Chartered Accountants in England and Wales. Margaret will be a member of the Board Risk and Board Financial Risk Committee.

Margaret will seek election at BEN's Annual General Meeting on 24 October 2023. Jim Hazel, long-standing director of BEN will retire from his position, effective from the AGM.