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SBS appoints new CEO

SBS Banks has named Shaun Drylie's successor.

Saturday, November 6th 2021, 9:40AM

Mark McLean has been appointed chief executive following the recent resignation of Shaun Drylie.

McLean has been a member of the SBS team for more than 10 years, over this time he has held the roles of Chief Risk Officer, acting Interim CEO and most recently has headed up the Branch Network, Contact Centre, Marketing and Customer Insight divisions as General Manager Member Experience as well as sitting on the board of SBS Bank’s subsidiary company, Finance Now.



Originally from Southland, Mark is a well-respected member of the community in both Southland and Otago. He brings a wealth of business experience and knowledge through his working career prior to SBS, including international banking leadership roles in Europe and Asia.

As a long-serving member of the SBS Bank Senior Management team, McLean has been heavily involved in developing and delivering the SBS strategy. The SBS Board believes that his appointment will ensure the organisation has continuity and ongoing momentum in terms of execution of our future direction and strategy.

SBS Chairman Joe O’Connell said, “Mark has had a very broad exposure within the SBS Group which gives him a well-balanced understanding of SBS and what makes us unique. He has an undeniable passion for SBS, he believes strongly that member ownership is important and that being a mutual sets us apart. We believe Mark is a real asset to the organisation and have every confidence that his leadership will ensure the continued growth and success of SBS into the future."

McLean said “When I started at SBS in 2011 I knew that I had joined a special organisation and my passion for providing the very best experience for our members has never waned. Being a member-owned bank is pretty unique and we’ll continue to keep our members at the heart of everything we do.”

He will remain in his current position as GM Member Experience until December when current SBS Group CEO Shaun Drylie leaves the organisation after five years to be closer to family and business interests in Canterbury.

Tags: SBS Shaun Drylie

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AIA - Back My Build 6.19 - - -
AIA - Go Home Loans 8.74 7.14 6.75 6.39
ANZ 8.64 7.74 7.39 7.25
ANZ Blueprint to Build 7.39 - - -
ANZ Good Energy - - - 1.00
ANZ Special - 7.14 6.79 6.65
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BNZ - Green Home Loan top-ups - - - 1.00
BNZ - Mortgage One 8.69 - - -
BNZ - Rapid Repay 8.69 - - -
BNZ - Std, FlyBuys 8.69 7.74 7.39 7.25
BNZ - TotalMoney 8.69 - - -
CFML Loans 9.45 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 6.79 - -
Co-operative Bank - Owner Occ 8.40 6.99 6.79 6.65
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Standard 8.40 7.49 7.29 7.15
Credit Union Auckland 7.70 - - -
First Credit Union Special - 7.45 7.35 -
First Credit Union Standard 8.50 7.99 7.85 -
Heartland Bank - Online 7.99 6.89 6.55 6.35
Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society 8.90 7.60 7.40 -
HSBC Premier 8.59 - - -
HSBC Premier LVR > 80% - - - -
HSBC Special - - - -
ICBC 7.85 7.05 6.69 6.59
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Kainga Ora 8.64 7.79 7.39 7.25
Kainga Ora - First Home Buyer Special - - - -
Kiwibank 8.50 7.99 7.79 7.55
Kiwibank - Offset 8.50 - - -
Kiwibank Special - 6.99 6.79 6.65
Liberty 8.59 8.69 8.79 8.94
Nelson Building Society 9.00 ▼7.65 ▼7.25 -
Pepper Money Advantage 10.49 - - -
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Pepper Money Essential 8.29 - - -
Resimac - LVR < 80% ▼8.59 ▲8.49 ▲7.99 ▲7.59
Lender Flt 1yr 2yr 3yr
Resimac - LVR < 90% 9.84 9.09 8.59 8.29
Resimac - Specialist Clear (Alt Doc) - - 8.99 -
Resimac - Specialist Clear (Full Doc) - - 9.49 -
SBS Bank 8.74 7.74 7.29 6.59
SBS Bank Special - 7.14 6.69 5.99
SBS Construction lending for FHB - - - -
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TSB Special 8.64 6.99 6.75 6.65
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Wairarapa Building Society 8.60 6.95 6.85 -
Westpac 8.64 ▼7.84 7.35 ▼6.99
Westpac Choices Everyday 8.74 - - -
Westpac Offset 8.64 - - -
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Median 8.64 7.19 7.27 6.65

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