Powered by MOMENTUM MEDIA
subscribe to our newsletter
ABA reappoints Shayne Elliott and David Carter

ABA reappoints Shayne Elliott and David Carter

ANZ CEO Shayne Elliott and Suncorp Bank CEO David Carter have both been reappointed to their respective roles of chair and deputy chair of the Australian Banking Association.

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.

Advertisement
Advertisement

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]

ABA reappoints Shayne Elliott and David Carter
mortgagebusiness

 

Latest News

The prudential regulator is looking at revising its guidance on the serviceability assessments that banks perform on residential mortgage ...

The property industry has welcomed the re-election of the Coalition government, declaring that concerns over the opposition’s proposed cha...

BNK bank has reported home lending growth via both its direct and third-party mortgage businesses. ...

FROM THE WEB
podcast

LATEST PODCAST: How the mortgage sector will be impacted by the federal election

Do you think the banking royal commission recommendations could negatively impact competition in the mortgage market?

Website Notifications

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