Heritage Bank Executive and Leadership Team

September, 2026

Leadership Overview

Heritage Bank has 6 executives leading key functions including strategy, financial oversight, human capital, divisional operations, and regional banking management.

Committed to customer-owned financial excellence, Heritage Bank prioritizes sustainable growth and community-focused banking services across the Australian market to ensure long-term stability for all members.

Leadership Roles at Heritage Bank

  • Chairman & Chief Executive Officer - H. Wallace
  • Chief Financial Officer - Bankole Abiodun
  • Division President, Co (Madison) - Rhonda Newell
  • President - Robert Herbek
  • President (Jacksonville) - Bennett Brown
  • Chief People Officer - Darren Stephens
  • H. Wallace - Chairman & Chief Executive Officer

    H. Wallace, the Chairman & Chief Executive Officer at Heritage Bank, directs the overarching strategic vision for the largest customer-owned bank in Australia. Managing assets exceeding $8.5 billion, the Chairman & Chief Executive Officer oversees the alignment of retail banking operations with long-term member value. This leadership role involves constant engagement with the Board to refine corporate governance and market positioning. By driving national expansion through mortgage broker networks and retail outlets, H. Wallace ensures the institution maintains a competitive edge in the finance sector. The Chairman & Chief Executive Officer monitors the performance of 700 staff members to guarantee operational efficiency across all state capitals. Through rigorous oversight of the $8.5 billion asset portfolio, the Chairman & Chief Executive Officer secures the financial health of the organization while fostering a culture of customer-centric service that defines the institution within the Australian banking landscape.

    Bankole Abiodun - Chief Financial Officer

    Bankole Abiodun, the Chief Financial Officer at Heritage Bank, manages the fiscal integrity and capital allocation strategies for the organization. Overseeing the financial reporting and risk management frameworks, the Chief Financial Officer ensures the bank maintains robust liquidity to support $8.5 billion in assets. This role requires close collaboration with the executive team to optimize investment portfolios and monitor the performance of retail outlets across southern Queensland. Bankole Abiodun drives the development of financial models that support national lending initiatives through mortgage broker networks. By analyzing market trends and regulatory requirements, the Chief Financial Officer mitigates operational risks while maximizing returns for the customer-owned entity. The Chief Financial Officer maintains strict control over budgetary processes, ensuring that the 700 staff members operate within a framework of fiscal responsibility. Through precise financial planning, the Chief Financial Officer sustains the long-term viability of the bank.

    Rhonda Newell - Division President, Co (Madison)

    Rhonda Newell, the Division President, Co (Madison) at Heritage Bank, manages the operational performance and service delivery within the designated division. Overseeing the integration of retail banking services, the Division President, Co (Madison) ensures that local market strategies align with the broader national objectives of the bank. This role involves coordinating with regional teams to optimize the customer experience across retail outlets. Rhonda Newell drives the execution of lending programs and financial product distribution to meet the needs of the local community. By analyzing divisional performance data, the Division President, Co (Madison) identifies opportunities for growth and efficiency improvements. The Division President, Co (Madison) collaborates with other executives to ensure that the division contributes effectively to the $8.5 billion asset base. Through consistent leadership, the Division President, Co (Madison) maintains high standards of service and operational excellence, ensuring the bank remains a trusted financial partner for customers.

    Robert Herbek - President

    Robert Herbek, the President at Heritage Bank, directs the day-to-day operational activities and ensures the seamless execution of the bank's business model. Overseeing the coordination between retail outlets and the national mortgage broker network, the President maintains the operational flow of the institution. This leadership role involves translating the strategic vision of the Chairman & Chief Executive Officer into actionable plans for the 700 staff members. Robert Herbek drives the implementation of service standards across all state capitals to ensure consistency in customer interactions. By monitoring operational KPIs, the President identifies bottlenecks and optimizes processes to support the $8.5 billion asset portfolio. The President collaborates with the Chief Financial Officer and other leaders to ensure that operational resources align with the financial goals of the bank. Through active management of the bank's internal functions, the President secures the efficiency and reliability of the services provided to customers across Australia.

    Bennett Brown - President (Jacksonville)

    Bennett Brown, the President (Jacksonville) at Heritage Bank, manages the regional operations and market expansion efforts within the assigned territory. Overseeing the growth of the customer base and the performance of local retail outlets, the President (Jacksonville) ensures that the bank maintains a strong presence in the region. This role involves building relationships with local mortgage brokers to increase the volume of lending activities. Bennett Brown drives the adoption of digital banking tools and financial products tailored to the needs of the regional market. By analyzing local economic trends, the President (Jacksonville) adapts the bank's service offerings to remain competitive. The President (Jacksonville) coordinates with the national leadership team to ensure that regional initiatives support the overall mission of the bank. Through strategic oversight of the regional operations, the President (Jacksonville) contributes to the expansion of the bank's footprint and the enhancement of its reputation as a premier customer-owned financial institution.
    Bennett Brown

    Darren Stephens - Chief People Officer

    Darren Stephens, the Chief People Officer at Heritage Bank, architects the human capital strategy for the 700 staff members operating across Australia. Overseeing talent acquisition, professional development, and organizational culture, the Chief People Officer ensures the workforce remains aligned with the customer-owned mission of the bank. This leadership role involves designing performance management systems that reward excellence in retail banking and mortgage brokerage support. Darren Stephens drives initiatives to improve employee engagement across state capitals, fostering a workplace environment that prioritizes service quality. By collaborating with the executive team, the Chief People Officer implements training programs that enhance the technical and soft skills of the staff. The Chief People Officer monitors workforce metrics to ensure the bank attracts and retains top talent in the competitive finance industry. Through strategic workforce planning, the Chief People Officer supports the operational scale of the bank while maintaining the core values of the institution.

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    Frequently Asked Questions Regarding Heritage Bank Top Executives and Leadership Team

    Who leads Heritage Bank?
    Heritage Bank is led by H. Wallace (Chairman & Chief Executive Officer), along with executives such as Bankole Abiodun (Chief Financial Officer) and Rhonda Newell (Division President, Co (Madison)).
    Who is part of Heritage Bank’s executive team?
    The executive team of Heritage Bank includes leaders such as H. Wallace (Chairman & Chief Executive Officer), Bankole Abiodun (Chief Financial Officer), Rhonda Newell (Division President, Co (Madison)) and other senior executives.
    How many executives does Heritage Bank have?
    Heritage Bank has 6 executives leading key business areas.
    What roles are included in Heritage Bank’s leadership team?
    The leadership team of Heritage Bank includes roles such as Chairman & Chief Executive Officer, Chief Financial Officer, Division President, Co (Madison), President, President (Jacksonville).