Heritage Bank Executive and Leadership Team

July, 2026

Leadership Overview

Heritage Bank has 6 executives leading key functions including strategy, finance, human resources, regional operations, and national sales.

Driven by a customer-owned model, Heritage Bank focuses on delivering exceptional financial services and fostering community growth across Australia, leveraging its extensive retail network and national lending capabilities.

Leadership Roles at Heritage Bank

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

    H. Wallace, the Chairman & Chief Executive Officer at Heritage Bank, directs the overall strategic vision and operational execution for Australia's largest customer-owned bank. Wallace guides the institution's commitment to its customer-centric model, ensuring alignment with its founding principles established through mergers dating back to 1875. Overseeing assets exceeding $8.5 billion, Wallace's leadership ensures the bank's financial stability and continued growth across its 100 retail outlets in southern Queensland and national operations. This executive role involves setting the corporate direction, fostering innovation in financial services, and maintaining strong governance across all business units. By championing the bank's evolution from its building society origins to its current status, H. Wallace drives the expansion of lending services through a national network of mortgage brokers, solidifying Heritage Bank's market presence and commitment to its customer base.

    Bankole Abiodun - Chief Financial Officer

    Bankole Abiodun, the Chief Financial Officer at Heritage Bank, manages the comprehensive financial health and strategic fiscal planning for Australia's largest customer-owned bank. Abiodun oversees all financial operations, including asset management exceeding $8.5 billion, ensuring robust capital allocation and profitability across the bank's extensive network. This role is critical in maintaining the financial integrity and sustainable growth of Heritage Bank, supporting its 700 staff and 100 retail outlets. The Chief Financial Officer directs budgeting, forecasting, and financial reporting, providing essential insights to the Chairman & Chief Executive Officer and the broader leadership team. By optimizing financial strategies, Bankole Abiodun ensures the bank's capacity to lend to customers nationwide via mortgage brokers, reinforcing its position in the competitive financial landscape and upholding its customer-owned ethos.

    Rhonda Newell - Division President, Co (Madison)

    Rhonda Newell, the Division President, Co (Madison) at Heritage Bank, directs regional operational strategies and market development within the specified division. Newell's leadership focuses on enhancing customer service and expanding market reach for Heritage Bank's financial products and services in the Madison area. This role involves overseeing the performance of retail outlets and staff within the division, ensuring alignment with the bank's overall strategic goals and customer-owned principles. The Division President, Co (Madison) plays a key part in implementing localized business development initiatives and managing relationships with regional stakeholders. By driving operational excellence, Rhonda Newell supports the bank's broader objective of providing accessible financial solutions across its extensive network.

    Bennett Brown - President (Jacksonville)

    Bennett Brown, the President (Jacksonville) at Heritage Bank, spearheads regional business development and operational oversight for the Jacksonville market. Brown's mandate includes driving growth and enhancing customer engagement through the bank's local presence, aligning with Heritage Bank's commitment to serving its communities. This executive position involves managing the performance of regional operations and ensuring the delivery of tailored financial services to customers in the Jacksonville area. The President (Jacksonville) works to strengthen the bank's market position by implementing strategic initiatives that resonate with local needs. Bennett Brown's leadership ensures that the Jacksonville operations contribute effectively to the bank's overall asset growth and its mission as Australia's largest customer-owned bank.
    Bennett Brown

    Robert Herbek - President

    Robert Herbek, the President at Heritage Bank, oversees critical aspects of the bank's national operations and strategic market penetration. Herbek's responsibilities encompass driving business growth and ensuring the effective delivery of financial services across Australia, supporting the bank's extensive network of mortgage brokers and retail outlets. This leadership role is pivotal in executing the bank's expansion strategies and maintaining its competitive edge in the financial sector. The President works closely with other senior executives to align operational plans with the overarching corporate objectives, focusing on enhancing customer value and financial performance. By championing key initiatives, Robert Herbek contributes significantly to Heritage Bank's mission as a leading customer-owned financial institution.

    Darren Stephens - Chief People Officer

    Darren Stephens, the Chief People Officer at Heritage Bank, leads all human capital strategies and organizational development initiatives for Australia's largest customer-owned bank. Stephens is responsible for cultivating a strong employee culture that supports the bank's customer-centric mission and its approximately 700 staff members. This executive function involves overseeing talent acquisition, employee engagement, performance management, and professional development programs across the bank's operations. The Chief People Officer ensures that HR policies align with the bank's strategic objectives and its commitment to being a leading employer in the finance sector. By fostering a supportive and productive work environment, Darren Stephens contributes directly to the operational efficiency and service quality delivered through Heritage Bank's 100 retail outlets and national network.

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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 (Jacksonville), President.