QBE Insurance appoints new group chief financial officer

QBE Insurance Group has appointed Michael Ford as permanent group chief financial officer (CFO). He will be based in Sydney.

Ford will assume the role from September 2017, replacing the acting group CFO Pat Regan who will relinquish his responsibilities and step down from the board to focus on his permanent role as chief executive officer Australia and New Zealand.

Ford is currently the deputy chief financial officer for the Commonwealth Bank of Australia (CBA). He joined the bank in 2005 and held a number of senior finance roles before his appointment as deputy CFO in 2011. Prior to this, he held senior roles at MLC, National Australia Bank’s (NAB)
wealth management division, and Lendlease Group.

John Neal, group CEO, commented: "Michael brings to QBE more than 25 years’ experience in finance. In his current role he is responsible for all aspects of the bank’s Group Finance Function, this includes Financial Planning & Analysis, Treasury Finance, Capital Forecasting and Stress Testing, Investment Development and Taxation, and leads a team of more than 500 people at one of Australia’s largest corporations.”

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