Fleming ending BSP stint, focuses on results

By SHIRLEY MAULUDU
BANK South Pacific Financial Group Ltd (BSP) chief executive officer Robin Fleming says he will remain focused on delivering results for the company’s shareholders until his term expires.
Fleming is ending his stint with BSP when his term expires at the end the year.
According to a statement from BSP chairman Sir Kostas Constantinou on Tuesday, Fleming had informed the board that he would not be seeking an extension of his contract.
“I will be continuing in my role as CEO until the end of 2022 and remain focused on delivering a financial result for our shareholders that meets their expectations, noting of course the BSP tax that was introduced this year,” Fleming said.
Sir Kostas said the board had initiated a process to select a new CEO, and that the market would be informed once the process was completed.
Fleming, who arrived in the country from Australia after being seconded to PNG by the Commonwealth Bank at the end of 1980, could not be contacted last night.
Fleming told The National in an interview last October that he had watched BSP grow to own 65 per cent of the market share in PNG, and expand to the Cook Islands, Fiji, Samoa, the Solomon Islands, Tonga, Vanuatu, Cambodia and Laos.
BSP now also has a life insurance company, a finance company and capital management company, employing around 4,500 staff, all managed from PNG, with almost 85 per cent of shareholders being from PNG.
He was appointed CEO in April 2013 after serving as the deputy CEO and chief risk officer since 2009.
He held senior executive roles as chief risk officer, general manager corporate and international, and head of risk management with the bank.
Fleming holds a Master in Business Administration degree and a Master in Management from Charles Sturt University in Bathurst, New South Wales.
Fleming was made a Companion of the Star of Melanesia (CSM) in 2015 for his services to banking.