Suncorp's new chief executive, Steve Johnston, says he is committed to keeping the banking and insurance arms of the business together, insisting there are real benefits to the often-criticised bancassurance model.
Mr Johnston, who was named permanent chief executive of the $17.8 billion company on Monday after three months in the role on an interim basis, moved quickly to quash any speculation the two businesses might be split up.
Liam Walsh writes on investigations and companies with The Australian Financial Review. He has won multiple media awards, worked in Japan and is now based in Brisbane. Email Liam at liam.walsh@afr.com.au
