The move, announced on Monday morning, was so swift that chairman Patrick Allaway is taking over as executive chairman immediately as a lengthy search kicks off for a new leader to run the bank.
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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
Lucas Baird is a journalist based in The Australian Financial Review's Sydney office. Connect with Lucas on Twitter. Email Lucas at lucas.baird@afr.com
