The underestimated bank boss with the strategic handball
Bendigo and Adelaide Bank’s Marnie Baker was underestimated on arrival. She leaves well regarded, albeit having failed to answer the big structural question over her bank.
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.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
