ABA reappoints Shayne Elliott and David Carter

At the annual general meeting of the Australian Banking Association (ABA) Council, both Mr Elliott and Mr Carter were re-elected to their roles of chair and deputy chair.

The two bank CEOs will therefore head up the association council for another 12-month term.

Mr Elliott has been chair of the ABA since December 2017, while Mr Carter has been deputy chair of the ABA since June of this year.

Speaking of his reappointment as chair, the ANZ CEO said he was “pleased” to have been re-elected, adding that 2019 will be “an important year for the [finance] industry as [it] continue[s] to earn trust from customers and the community”.

“While there has been significant reform in recent years, the [banking] royal commission has clearly highlighted we have made mistakes.

“The industry has accepted responsibility for our failures, and we are accountable for fixing them quickly,” he said.

Mr Carter also said he was pleased to have been reappointed as deputy chair, adding that he was focused on embedding change in the industry.

“Rebuilding trust with the Australian community will take a significant and sustained effort from the industry,” the Suncorp Bank CEO said.

“Every member of the ABA is strongly committed to embedding change to ensure issues identified by the royal commission are not repeated in the future,” he said. 

[Related: ‘A day of shame for Australia’s banks’: ABA]