Bank of Sydney recently announced that Dr Nicholas Pappas AM has stepped down as Chairman of its board, after nearly two decades of exemplary leadership, service, and significant contribution to the Bank’s growth and success.
Nikolas Hatzistergos, who has served on the board as Non-Executive Director and Chair of the Audit Committee, assumed the role of Chairman, effective 27 August 2025.
Further, new appointments to the board include The Hon Kristina Keneally, Dunstan de Souza, and Diane Khoury, as non-executive directors, bringing a diverse range of expertise and further strengthening the Board’s governance. These appointments are subject to the normal regulatory approvals process.
Departing Chairman Dr Pappas said, “I’m immensely proud to have guided Bank of Sydney through a period of significant growth and transformation over the past 20 years. I have great confidence in the appointment of Nikolas as Chairman, whose longstanding service and deep understanding of the bank will provide continued strength and stability. Alongside the exceptional talent in Dunstan, Diane, and Kristina, I am confident the Board will continue to steer the Bank forward – always with our customers, our people, and our community at the fore.”
Newly appointed Chairman Mr Hatzistergos said, “It’s with immense gratitude that we thank Nicholas Pappas for his leadership and dedicated tenure on the Board. It has been a privilege to work alongside him. I’m honoured to step into the role of Chairman, and I look forward to guiding the Bank through its next stage of growth and development.
“On behalf of the Board, we also extend a warm welcome to Kristina, Dunstan, and Diane. Their expertise and diverse perspectives will further strengthen the Bank and enhance its’ governance practice.”
Mr Hatzistergos has over three decades experience in executive leadership and corporate governance. He currently holds positions as Executive Chairman of William Buck (NSW) Pty Ltd, President of the Hellenic Club Limited, Director of the Management Board and Member of the Governing Council of Praxity (AISBL). He is also a Director and Chairman of the Audit and Finance Committee for South Sydney District Rugby League Football Club Limited (‘The Rabbitohs’).
