NGM Group appoints James Cudmore as new chief executive

NGM Group has announced that James Cudmore will succeed Bernadette Inglis as chief executive early next year. Cudmore, currently the bank’s chief customer and digital innovation officer, was appointed following a market scan and selection process.

Inglis, who has led the organization for over seven years, was instrumental in the 2023 merger between Newcastle Permanent and Greater Bank. Under her leadership, the group’s assets grew to a record $25.1 billion, with home lending and customer deposits increasing by more than 20 per cent since the merger.

Inglis will assist Cudmore during a transition period to ensure continuity for the customer-owned bank.