Powered by MOMENTUM MEDIA
subscribe to our newsletter

Bankers' CEO to step down

ABA chief executive Steven Münchenberg has informed chairman Andrew Thorburn that he will be departing the industry organisation.

Mr Thorburn said Mr Münchenberg “has now advised me that he would like to move on to the next opportunity in his career”.

“On behalf of the membership and Council of the ABA, I would like to thank Steven for his tremendous commitment to the industry and his leadership of the association,” Mr Thorburn said.

“Steven helped the banking industry navigate through a rapidly changing political and regulatory environment in the wake of the global financial crisis and more recently as the industry has strived to better explain the role banks play for customers, the community and the Australian economy.”

Mr Münchenberg has agreed to continue as chief executive of the ABA during the search for his replacement.

Advertisement
Advertisement

PROMOTED CONTENT


“When I became ABA chairman at the end of last year, Steven flagged with me that he felt seven years was the right tenure for this role. We are grateful that he will stay on while we find a suitable replacement to take the association forward," Mr Thorburn said.

Mr Münchenberg said: “I have enjoyed strong backing from five ABA chairmen, their deputy chairmen, the Council and the banks. I have also been very well-served by a small, dedicated and highly professional team at the ABA.”

Bankers' CEO to step down
mortgagebusiness

Latest News

The RBA has studied the role of collateral in credit markets under stress, and has found that collateralised borrowing rose for some segment...

Auction volumes surged significantly over the December quarter across Australia, largely attributed to a “resurgence” in Melbourne, acco...

Loan conditions and collateral guarantees continue to be major stumbling blocks for small businesses looking to access financing, according ...

FROM THE WEB

Join a group of highly informed brokers.

Broker Pulse, a community-driven knowledge base of lender performance Reveal exactly which lenders are making life easiest for brokers and their clients by taking this monthly survey and joining a group of highly informed brokers who leverage these insights every month.

JOIN NOW
podcast

LATEST PODCAST: A new record in mortgage approvals

Do you expect to see strong uptake of the HomeBuilder scheme?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.