Bendigo and Adelaide Bank boss Marnie Baker will be remembered more for what she didn’t do, than what she did.

Which is a shame. Because she was underestimated, outperformed expectations running both Bendigo’s underlying banking business and fixing up the back end, and hands the baton to her consumer banking boss Richard Fennell when the bank has a bit of momentum. That last bit is rare for ASX 100 companies – just look at Qantas Airways, Transurban Group or Woolworths.