Bank of Queensland Management

Management criteria checks 3/4

Bank of Queensland's CEO is Patrick Allaway, appointed in Mar 2023, has a tenure of 1.67 years. total yearly compensation is A$2.65M, comprised of 59.5% salary and 40.5% bonuses, including company stock and options. directly owns 0.037% of the company’s shares, worth €1.03M. The average tenure of the management team and the board of directors is 2 years and 3.7 years respectively.

Key information

Patrick Allaway

Chief executive officer

AU$2.7m

Total compensation

CEO salary percentage	59.5%
CEO tenure	1.7yrs
CEO ownership	0.04%
Management average tenure	2yrs
Board average tenure	3.7yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Patrick Allaway's remuneration changed compared to Bank of Queensland's earnings?
Date	Total Compensation	Salary	Company Earnings
Aug 31 2024	AU$3m	AU$2m	AU$284m
May 31 2024	n/a	n/a	AU$275m
Feb 29 2024	n/a	n/a	AU$266m
Nov 30 2023	n/a	n/a	AU$193m
Aug 31 2023	AU$1m	AU$1m	AU$119m
May 31 2023	n/a	n/a	AU$159m
Feb 28 2023	n/a	n/a	AU$198m
Nov 30 2022	n/a	n/a	AU$302m
Aug 31 2022	AU$500k	n/a	AU$406m
May 31 2022	n/a	n/a	AU$416m
Feb 28 2022	n/a	n/a	AU$426m
Nov 30 2021	n/a	n/a	AU$397m
Aug 31 2021	AU$456k	n/a	AU$368m
May 31 2021	n/a	n/a	AU$272m
Feb 28 2021	n/a	n/a	AU$176m
Nov 30 2020	n/a	n/a	AU$146m
Aug 31 2020	AU$394k	n/a	AU$115m
May 31 2020	n/a	n/a	AU$175m
Feb 29 2020	n/a	n/a	AU$235m
Nov 30 2019	n/a	n/a	AU$267m
Aug 31 2019	AU$61k	n/a	AU$298m

Compensation vs Market: Patrick's total compensation ($USD1.73M) is about average for companies of similar size in the German market ($USD1.90M).

Compensation vs Earnings: Patrick's compensation has increased by more than 20% in the past year.

CEO

Patrick Allaway (63 yo)

1.7yrs

Tenure

AU$2,653,606

Compensation

Mr. Patrick Newton-James Allaway, B. A., L. L.B., serves as Managing Director & Chief Executive Officer at Bank of Queensland Limited since March 27, 2023 and serves as its Director since May 01, 2019. He...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Patrick Allaway	MD, CEO & Director	1.7yrs	AU$2.65m	0.037% € 1.0m
Racheal Kellaway	Chief Financial Officer	2.3yrs	AU$1.72m	0.013% € 375.9k
Rod Finch	Chief Transformation & Operations Officer	1.2yrs	AU$1.55m	0.0033% € 91.2k
Craig Ryman	Chief Information Officer	4.3yrs	AU$1.76m	0.0098% € 273.7k
Alexandra Taylor	Chief People Officer	less than a year	AU$2.27m	no data
Rachel Stock	Chief Risk Officer	less than a year	AU$805.77k	no data
Greg Boyle	Group Executive of Retail Banking	no data	AU$1.44m	0.014% € 384.8k
Fiona Daly	Company Secretary & General Counsel	5.6yrs	no data	no data
Natasha Kelso	Head of BOQ Broker	6.4yrs	no data	no data
David Bold	Head of Media & Government Relations	no data	no data	no data
Tim Ledingham	Treasurer	15.7yrs	no data	no data
Ricky-Anne Lane-Mullins	Additional Company Secretary	less than a year	no data	no data

2.0yrs

Average Tenure

Experienced Management: BXZ's management team is considered experienced (2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Patrick Allaway	MD, CEO & Director	5.5yrs	AU$2.65m	0.037% € 1.0m
Warwick Negus	Non-Executive Independent Chairman	8.2yrs	AU$426.37k	0.037% € 1.0m
Miyuki Rosen	Independent Non-Executive Director	3.7yrs	AU$278.00k	0.0046% € 127.3k
Jennifer Fagg	Independent Non-Executive Director	3.1yrs	AU$227.39k	0.0011% € 32.2k
Karen Lee Penrose	Non-Executive Independent Director	9yrs	AU$309.04k	0.0052% € 144.1k
Bruce Carter	Non-Executive Independent Director	10.8yrs	AU$272.28k	no data
Andrew Fraser	Non-Executive Independent Director	less than a year	AU$149.33k	0.00080% € 22.4k
Mary Waldron	Independent Non-Executive Director	no data	no data	no data
Deborah Kiers	Independent Non-Executive Director	3.3yrs	AU$278.00k	0.0032% € 89.3k

3.7yrs

Average Tenure

63yo

Average Age

Experienced Board: BXZ's board of directors are considered experienced (3.7 years average tenure).

Bank of Queensland Management

Management criteria checks 3/4

Key information

Recent management updates

Insufficient new directors

Bank of Queensland Limited, Annual General Meeting, Dec 02, 2025

Bank of Queensland Limited Appoints Andrew Fraser as A Non-Executive Director, Effective February 8, 2024

Bank of Queensland Limited Appoints Ricky-Anne Lane-Mullins as Company Secretary

Bank of Queensland Announces Management Changes

Bank of Queensland Limited Announces Resignation of George Frazis as CEO

Recent updates

Insufficient new directors

Final dividend of AU$0.17 announced

Bank of Queensland Limited Announces Estimated Dividend for the Six Months Ended August 31, 2024, Payable on November 19, 2024

Full year 2024 earnings released: EPS: AU$0.43 (vs AU$0.18 in FY 2023)

Bank of Queensland Limited, Annual General Meeting, Dec 02, 2025

Upcoming dividend of AU$0.17 per share

First half dividend of AU$0.17 announced

First half 2024 earnings released: EPS: AU$0.23 (vs AU$0.006 in 1H 2023)

UDC Finance Limited acquired New Zealand portfolio of assets of Bank of Queensland Limited from Bank of Queensland Limited (ASX:BOQ).

Bank of Queensland Limited Appoints Andrew Fraser as A Non-Executive Director, Effective February 8, 2024

Bank of Queensland Limited Appoints Ricky-Anne Lane-Mullins as Company Secretary

Bank of Queensland Limited Announces Dividend for the One Quarter Ended March 14, 2024, Payable on March 15, 2024

Upcoming dividend of AU$0.21 per share at 7.4% yield

New minor risk - Earnings quality

Bank of Queensland Limited to Report Fiscal Year 2024 Results on Oct 16, 2024

Full year 2023 earnings released

Bank of Queensland Limited Estimates Ordinary Fully Paid Franked Dividend for A Period of Six Months Ended August 31, 2023, Payable on November 16, 2023

Bank of Queensland Limited Announces Ordinary Fully Paid Dividend for the Period of Six Months Ended February 28, 2023, Payable on June 1, 2023

BOQ Reportedly Open to Future Bank Merger Deal

Upcoming dividend of AU$0.20 per share at 8.2% yield

First half 2023 earnings released: EPS: AU$0.006 (vs AU$0.33 in 1H 2022)

BOQ Reportedly in Talks on Bendigo Merger

Bank of Queensland Announces Management Changes

Bank of Queensland Limited Announces Ordinary Fully Paid Franked Dividend for One Quarter Ended March 14, 2023, Payable on March 15, 2023

Bank of Queensland Limited Announces Resignation of George Frazis as CEO

Bank of Queensland Limited Announces Ordinary Fully Paid Franked Dividend for A Period of Six Months Ended August 31, 2022, Payable on November 17, 2022

Upcoming dividend of AU$0.24 per share

Full year 2022 earnings released: EPS: AU$0.66 (vs AU$0.67 in FY 2021)

Bank of Queensland Limited, Annual General Meeting, Dec 05, 2023

Bank of Queensland Limited Announces Fully Franked Distribution, Payable on November 15, 2022

MD, CEO & Executive Director recently bought €66k worth of stock

Non-Executive Independent Chairman recently bought €69k worth of stock

Bank of Queensland Limited Announces Ordinary Dividend for A Period of Six Months Ended February 28, 2022, Payable on May 26, 2022

Bank of Queensland Limited Announces Quarterly Ordinary Fully Franked Distribution on BOQPF - CAP NOTE 3-BBSW+3.80% PERP NON-CUM RED T-05-27, Payable on 15 August 2022

High number of new directors

Now 24% undervalued

First half 2022 earnings released

Bank of Queensland Limited Determines to Pay an Interim First Half 2022, Payable on 26 May 2022

Bank of Queensland Limited Announces Executive Changes

Now 21% undervalued

Bank of Queensland Limited Announces Quarterly Ordinary Fully Franked Distribution on BOQPF - CAP NOTE 3-BBSW+3.80% PERP NON-CUM RED T-05-27 for Quarter Ending May 15, 2022, Payable on May 16, 2022

Now 20% undervalued after recent price drop

Now 21% undervalued after recent price drop

Non-Executive Independent Chairman recently bought €50k worth of stock

Independent Non-Executive Director recently bought €55k worth of stock

Non-Executive Independent Chairman recently bought €55k worth of stock

High number of new directors

Upcoming dividend of AU$0.22 per share

Non-Executive Independent Chairman recently bought €60k worth of stock

Full year 2021 earnings released: EPS AU$0.67 (vs AU$0.26 in FY 2020)

GM & Group Executive of BOQ Business Fiamma Morton has left the company

Non-Executive Independent Director Kathleen Bailey-Lord has left the company

High number of new directors

Bank of Queensland Limited (ASX:BOQ) acquired Members Equity Bank Limited from 26 Australian industry superannuation funds for AUD 1.3 billion.

Bank of Queensland Limited Announces Ordinary Fully Paid Dividend for the Six Months Ended February 28, 2021, Payable on May 26, 2021

Bank of Queensland Limited Announces Fully Franked Ordinary Distribution on BOQPF - CAP NOTE 3-BBSW+3.80% PERP NON-CUM RED T-05-27 for the Quarter Ending August 15, 2021, Payable on August 16, 2021

Upcoming dividend of AU$0.17 per share

First half 2021 earnings released: EPS AU$0.32 (vs AU$0.20 in 1H 2020)

New 90-day high: €5.95

Bank of Queensland Limited Appoints Mickie Rosen as Non-Executive Director, Effective 4 March 2021

New 90-day high: €5.40

Bank of Queensland Limited to Report Fiscal Year 2021 Results on Oct 13, 2021

Bank of Queensland Limited Appoints Mr. Nicholas Allton as Group General Counsel and Company Secretary

Ares Reportedly in Talks with Banks for AMP Bid

New 90-day high: €5.10

New 90-day high: €4.20

Full year earnings released - EPS €0.26

Farmcove Investment Holdings entered into an agreement to acquire St Andrew's Australia Services Pty Ltd from Bank of Queensland Limited (ASX:BOQ) for approximately AUD 23 million.

New 90-day low: €3.46