Lyn Therese McGrath

Independent Director

Appointed
1 October 2024
Length of Tenure
1.5 years
Nationality
Australian
Age/Gender
66/Female
Lyn Therese McGrath

Lyn Therese McGrath brings more than 30 years of senior executive and board‑level experience across highly regulated and complex sectors, including financial services and healthcare. She currently serves as a Non‑Executive Director of Credit Corp Group Limited, where she is a member of both the Audit and Risk Committee and the Nomination Committee. She is also a Non‑Executive Director of Heartland Bank Australia Limited, where she chairs the Risk Committee. She is also the Chairperson of the Australian Digital Health Agency.

 

Lyn previously served as a Non‑Executive Director of Auswide Bank Limited, contributing her expertise through its Audit, Risk, and Remuneration Committees. Her executive career includes her tenure as Group Executive, Retail Banking at Bank of Queensland (BOQ), where she led a significant business turnaround, strengthened the performance of the BOQ Retail Bank, and oversaw the launch of the Virgin Money Australia Digital Bank. She has also spearheaded large‑scale data, digital and technology transformations, as well as business turnarounds, within ASX 100 organisations.

 

Prior to joining BOQ, Lyn spent nearly 12 years at the Commonwealth Bank of Australia, where she held several senior positions, including Executive General Manager, Retail, with responsibility for nationwide retail distribution, and Executive General Manager, Wealth Advice, overseeing the bank’s financial advice operations. Her previous non‑executive roles also include serving as Chair of TogetherAI Private Limited, a technology platform focused on mental‑health support for pre‑teens and their parents and carers. She is additionally a member of Chief Executive Women, reflecting her long‑standing commitment to advancing women’s leadership in Australia

Membership of Board Committees

  • Chairperson, Board Risk and Compliance Committee
  • Member, Group Nomination and Remuneration Committee
Qualifications

  • Bachelor of Arts (Political Science), Macquarie University, Australia
  • Master of Business Administration, Macquarie Graduate School of Management, Australia
  • Graduate, Australian Institute of Company Directors (AICD)
  • Senior Fellow, Financial Services Institute of Australia (FINSIA)
  • Vincent Fairfax Fellow in Ethical Leadership
Competencies

  • Operations (Banking)
  • Risk Management
  • Business Management / Corporate Leadership
  • Accounting / Finance / Audit
  • Human Resources
Other Directorships / Relevant Appointments

Listed Entities (Other than CIMB)

  • Independent Director, Credit Corp Group Limited, Australia
  • Independent Director, Heartland Bank Australia Limited, Australia