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David Murray

This Month

David Murray at the Centre for Independent Studies in Sydney on Tuesday.

Architect of Murray inquiry says banks can be agents of growth

David Murray is still railing against a “one-size-fits-all approach” to governance, which he says has forced banks to drop gas clients and let private credit sneak in.

  • James Eyers

November

Treasurer Dr Jim Chalmers addresses the media at a press conference at Parliament House in Canberra on Friday.

Chalmers’ Future Fund changes may break law: Murray

The treasurer insists his changes to the Future Fund’s mandate are legal, but former chairman David Murray says the new directive appears to breach the law.

  • Michael Read
Former treasyrer and Future Fund chairman Peter Costello.

Costello warns politicising Future Fund will lose money

Changes to the $230 billion savings account could see it reduced to a political slush fund, the former treasurer and chairman has warned.

  • Updated
  • John Kehoe

July

Former bank boss David Murray.

‘I’d be rolling over my money’: Murray’s worry on Cbus-CFMEU links

Former bank boss David Murray says the latest CFMEU revelations reaffirm his view that all superannuation board members should be independent.

  • Hannah Wootton

March

David Murray at the Banking Summit in 2015.

From scandals to Team Australia: a decade of the AFR Banking Summit

The Summit is in its 10th year. We’ve had a courtside seat to the drama as a tarnished sector recovered during COVID.

  • James Eyers and Lucas Baird
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July 2023

Boe Pahari: indestructible

What Boe Pahari did next

The thing about asset managers as successful as the ex-AMP Capital chief is that they’re virtually bulletproof.

  • Myriam Robin

February 2023

Super isn’t the solution to the housing affordability crisis, David Murray says.

Using super to fund affordable housing ‘won’t solve crisis’

The government’s bid to define the super sector’s purpose has also risked reigniting a war with the opposition over first home buyer schemes.

  • Hannah Wootton and Georgie Moore

August 2022

Former CBA CEO and FSI chairman David Murray: “There is no justification for [Keating’s] argument.”

David Murray hits back at Keating on bank capital

The financial system inquiry chairman says the rationale for banks to hold “unquestionably strong” capital have not changed.

  • James Eyers and Jonathan Shapiro

September 2020

AMP has announced a review of its portfolio.

AMP's buyback back in the spotlight

Given recent history, investors are sceptical AMP's $200 million buyback will actually eventuate.

  • Tom Richardson
The site at Juukan Gorge before it was legally destroyed by Rio Tinto.

Something better from the rubble of Juukan Gorge

Rio Tinto once led the way in community and Indigenous relations. With a revived Australian identity, it could do so again.

  • The AFR View
Wealth giant AMP has put itself up for sale.

AMP 'will disappear': 171-year-old icon up for sale

Just over a week after David Murray resigned, new chairman Debra Hazelton has placed a bet each way that Francesco De Ferrari’s last-chance bid to salvage AMP may not be worth following through.

  • Updated
  • Michael Roddan
Incoming AMP chairman Debra Hazelton on Monday.

AMP puts everything on the table

Embattled wealth manager AMP will commence a comprehensive review of its own assets and businesses with a potential break-up of the 171-year-old company on the cards via trade sales or divestments.

  • Aleks Vickovich

August 2020

David Murray opposed a social license to operate.

David Murray lacks 2020 board vision

The former AMP chairman did not accept the ESG demands that are now essential to shareholder value.

  • Brynn O'Brien
AMP has again been rocked by fresh allegations of "sustained" sexual harassment by senior managers.

AMP whistleblower suffered 'sustained' sexual harassment: senator

The woman at the centre of the allegations said she was 'treated like a criminal', and the message to victims was 'you will lose everything if you speak up'.

  • Michael Roddan
AMP's John Fraser and Boe Pahari.

The ultimatum that sank David Murray

AMP’s two biggest critics have pledged to give chief executive Francesco De Ferrari breathing space after instigating a cleanout at the battered wealth manager.

  • Michael Roddan and Aleks Vickovich
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David Murray and Boe Pahari have lost their positions as AMP scrambles to save its reputation. 

Merit has followed Murray out the door

Yes, the former AMP Chair was out of touch with corporate wokeness. He believed in merit, competition and other sensible and well-tested principles.

  • Nick Hossack
AMP's John Fraser and Boe Pahari.

The gathering storm before AMP's exorcism

The storm that the reaction to Boe Pahari's behaviour had unleashed had enough force to unseat top-level executives at AMP, writes Michael Roddan.

  • Michael Roddan
David Murray was widely expected to set things right at AMP.

What went so disastrously wrong for Murray at AMP?

There were high expectations when David Murray was appointed chairman of AMP, which was already under fire after the royal commission. But no one could have predicted the end game.

  • Karen Maley
David Murray, John Fraser and Boe Pahari

Time's up for AMP and old-school business

The resignations of David Murray, John Fraser and Boe Pahari from their positions at AMP underline the fact that a new world of corporate social and employee expectations now needs to be factored into the selection of top-tier business leaders.

  • The AFR View
Rio Tinto's Jean-Sebastien Jacques gets his pay docked, but keeps his job.

What AMP and Rio have in common

AMP and Rio Tinto both failed the new standards of corporate culture. But they are facing different levels of accountability, with David Murray resigning as AMP chairman, while Jean-Sebastien Jacques gets a pay cut. What comes next?

  • Updated
  • Jennifer Hewett

Original URL: https://www.afr.com/person/david-murray-2pi