ANZ CEO next ABA chair
The Australian Bankers’ Association (ABA) has nominated ANZ chief executive, Shayne Elliott as chair at its annual general meeting (AGM) in early December.
Elliott would succeed current ABA chair, National Australia Bank (NAB) CEO, Andrew Thorburn.
Commenting on the nomination, Elliott said: “The banking industry is working hard to build trust with customers, the community and with federal and state politicians on all sides”.
“While we have made significant improvements in recent times, rebuilding community trust is a long-term issue and change within the industry needs to be bolder and faster.”
It is convention for the chair of the ABA to rotate between the CEOs of the major banks. With the Commonwealth Bank announcing a CEO succession process, the next organisation on rotation was the ANZ.
ABA chief executive, Anna Bligh said the ABA decided to bring forward Elliott’s term for continuity rather than seek a new chair.
“There are a number of reviews and reforms to be introduced in the coming year, so consistency is important,” she said.
“I am looking forward to working closely with Mr Elliott in his new role.
Elliott’s term would begin after the ABA’s AGM in December.
He thanked Thorburn for his role as chairperson.
AUTHOR
Malavika Santhebennur
Recommended for you
The global asset manager has announced a new chief executive to succeed Abdallah Nauphal, who has helmed the firm for nearly 20 years.
The ethical fund manager has appointed a new business development manager from Count with the aim of driving growth and enhancing support for financial advisers.
With more and more advisers setting up their own practices, recruitment firm people2people has shared how employers can successfully attract new hires and help their existing staff thrive in 2025.
The last year has seen a number of appointments and exits in the ETF space, particularly with C-suite roles.
