About/Leadership/Stuart Grimshaw
P/03 — Profile
Former Managing Director and Chief Executive, Bank of Queensland. Chairman, Licella Holdings.

Stuart Grimshaw.

A banker who has run banks and consumer finance companies on three continents across four decades, and turned a loss-making bank into a record one.

ArenaBanking and credit
Chief executive ofBank of Queensland; National Australia Bank, Great Britain; EZCORP; humm group
ChairmanLicella Holdings
BoardsBionic Vision Technologies, Superhero
P/03.1 — ProfileAustralia · United Kingdom · United States

Stuart Grimshaw has run banks and consumer finance companies in Australia, the United Kingdom and the United States across a four-decade career.

He began at ANZ in 1983 and spent a decade at National Australia Bank, where as Chief Executive of its Great Britain business he ran Clydesdale Bank and Yorkshire Bank, together more than 500 branches and some 7,600 people. At Commonwealth Bank of Australia, one of the country's two largest banks, he served as Chief Financial Officer and then as Group Executive for Investment and Insurance Services and for Premium Business Services, before running Caledonia Investments, the Australian investment house managing around two billion dollars for more than 400 investors.

In 2011 he was appointed Managing Director and Chief Executive of Bank of Queensland, one of Australia's leading regional banks, with around 250 branches across every state and territory. In his first year the bank posted the first full-year loss by an Australian bank in two decades. He raised new capital, acquired Investec Bank Australia's professional finance and asset finance businesses, and by 2014 had returned the bank to a record profit, its market value more than doubling during his tenure.

He then moved to the United States as Executive Chairman and, from 2015 to 2020, Chief Executive of EZCORP, the Nasdaq-listed consumer finance company with around 1,400 locations across the United States, Mexico and Canada when he joined, and later led humm group, the Australian consumer finance company, as Managing Director and Chief Executive from 2023 to 2025. He has chaired Cash Converters International and Millennium Services Group, and served on the boards of Suncorp and Raiz Invest.

He is Chairman of Licella Holdings and a Non-executive Director of Bionic Vision Technologies and Superhero, and a former President of Hockey Australia. He holds a Bachelor of Commerce and Administration from Victoria University of Wellington and an MBA from the University of Melbourne, and completed the Program for Management Development at Harvard Business School.

Stuart Grimshaw
P/03.2 — Boards and chairsR/01 — R/08

Where he sits,
and where he has sat.

Licella HoldingsAustralia
Australian technology company. Director since 2022, now Chairman.
Chairman
Bionic Vision TechnologiesMelbourne
The Australian company developing a bionic eye, a retinal implant that restores functional vision to people blinded by inherited disease.
Non-executive Director
SuperheroAustralia
Australian investing platform.
Non-executive Director
Cash Converters InternationalASX
Director from 2014; Chairman until 2020.
Former Chairman
Millennium Services GroupASX
Chairman, 2020 to 2023.
Former Chairman
Raiz InvestASX
Non-executive Director from 2021.
Former Director
SuncorpASX
Non-executive Director, 2010 to 2011.
Former Director
Hockey Australia
President of the national governing body until 2014.
Former President
P/03.3 — Career1983 — 2025

Four decades
of running the real thing.

1983 to 1991
Australia and New Zealand Banking Group
Early career
1991 to 2001
National Australia Bank
Chief Executive, Great Britain: Clydesdale Bank and Yorkshire Bank
2001 to 2009
Commonwealth Bank of Australia
Chief Financial Officer; Group Executive, Investment and Insurance Services; Group Executive, Premium Business Services
2009 to 2011
Caledonia Investments
Chief Executive
2011 to 2014
Bank of Queensland
Managing Director and Chief Executive
2014 to 2020
EZCORP, Nasdaq
Executive Chairman, then Chief Executive
2023 to 2025
humm group
Managing Director and Chief Executive
P/03.4 — The turnaroundBank of Queensland

A loss-making bank,
turned into a record one.

Bank of Queensland was one of Australia's leading regional banks, with around 250 branches across every state and territory, when Grimshaw took charge in November 2011.

Within months it posted the first full-year loss by an Australian bank in two decades. He raised new capital, rebuilt the balance sheet, and in 2014 acquired Investec Bank Australia's professional finance and asset finance businesses, adding a specialist lending franchise to the bank. By the time he left that year, the bank had posted record cash earnings and its market value had more than doubled.

Why it matters

Turning a bank around means holding capital, credit, regulators and shareholders to account at the same time. It is the discipline The Super Group builds its systems around, and he has done it where the consequences were real.

P/03.5 — LeadershipP/01 — P/03

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