ANZ chief Shayne Elliott to serve as next ABA chairman
ANZ chief Shayne Elliott will be the next chair of the Australian Bankers’ Association, replacing NAB’s Andrew Thorburn.
ANZ chief Shayne Elliott will be the next chair of the Australian Bankers’ Association replacing NAB chief Andrew Thorburn who steps down after two years.
The chair is rotated among the big banks and, while CBA was next in line, the imminent departure of that banks chief executive, Ian Narev, has prompted a change in plans.
Mr Elliott was considered a potential outsider given he has tried to run a campaign independent of the big banks but has since decided to lead the charge.
The ABA met this morning and the change will take place at its annual meeting in December.
Mr Thorburn has led the ABA through a tumultuous period, which has included the appointment of former Queensland Premier Anna Bligh as chief executive and the introduction of a host of banking reforms.
Former commonwealth auditor general Ian McPhee is set to release his next report on the industry’s progress on Friday.
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