Organization:Australian Banking Association

From HandWiki
Australian Banking Association
AbbreviationABA
Formation1985[1]
TypeLobbying body
Location
Region served
Australia
Chairman
Andrew Irvine
CEO
Anna Bligh
Websitewww.ausbanking.org.au

The Australian Banking Association (ABA), formerly the Australian Bankers' Association, is the trade association for the Australian banking industry. The ABA was founded in 1985[1] and is based in Sydney, New South Wales. The ABA represents twenty-two banks[2] and associate members. It provides analysis, advice, and advocacy for the banking industry and contributes to the public policy development on banking and other financial services.[3]

The ABA's stated goal is to advocate and promote policies for improvements and development of the banking industry through advocacy, research, policy expertise, and thought leadership.[4][5][6]

In 2020, under CEO Anna Bligh, the ABA's public profile had risen[4] due to the industry's response to Australia's "Black Summer" fires,[2] and collective measures to help cushion the economic impact of the COVID-19 pandemic.[7]

Executives

Chair

The following served as chairs of the Association:

Order Officeholder Title Bank Term began Term end Time in office Notes
1 Stuart Fowler Chair Westpac 1990 August 1991 (1991-08) 0–1 years [8]
2 Frank Conroy September 1991 (1991-09) 2 July 1992 (1992-07-02) 0–1 years [9]
3 Don Argus NAB 2 July 1992 (1992-07-02) 1994 1–2 years [9]
4 David Murray CBA 1994 July 1996 (1996-07) 1–2 years [10]
5 Don Mercer ANZ July 1996 (1996-07) 30 September 1997 (1997-09-30) 0–1 years [11][12]
6 Robert L. Joss Westpac 30 September 1997 (1997-09-30) June 1999 (1999-06) 1–2 years [12]
7 Frank Cicutto NAB June 1999 (1999-06) 23 May 2001 (2001-05-23) 1–2 years [13][14]
8 David Murray CBA 23 May 2001 (2001-05-23) 17 June 2003 (2003-06-17) 2 years, 25 days [13][15]
9 John McFarlane ANZ 17 June 2003 (2003-06-17) 27 June 2005 (2005-06-27) 2 years, 10 days [13][16]
10 David Morgan Westpac 27 June 2005 (2005-06-27) 17 July 2007 (2007-07-17) 2 years, 20 days [17]
11 John Stewart NAB 17 July 2007 (2007-07-17) 3 December 2008 (2008-12-03) 1 year, 139 days [18][19]
12 Ralph Norris CBA 3 December 2008 (2008-12-03) 30 November 2011 (2011-11-30) 2 years, 362 days [20]
13 Mike Smith ANZ 1 December 2011 (2011-12-01) 4 February 2013 (2013-02-04) 1 year, 61 days [19]
14 Gail Kelly Westpac 4 December 2013 (2013-12-04) 31 January 2015 (2015-01-31) 1 year, 58 days [21]
15 Brian Hartzer 31 January 2015 (2015-01-31) 2 December 2015 (2015-12-02) 304 days [22]
16 Andrew Thorburn NAB 2 December 2015 (2015-12-02) 4 December 2017 (2017-12-04) 2 years, 2 days [23][24]
17 Shayne Elliott ANZ 4 December 2017 (2017-12-04) 2 December 2019 (2019-12-02) 1 year, 363 days [24][25]
18 Matt Comyn CBA 3 December 2019 (2019-12-03) 1 December 2021 (2021-12-01) 1 year, 363 days [26]
19 Peter King Westpac 2 December 2021 (2021-12-02) 8 December 2023 (2023-12-08) 2 years, 6 days [27]
20 Ross McEwan NAB 8 December 2023 (2023-12-08) 2 April 2024 (2024-04-02) 116 days [28]
21 Andrew Irvine 2 April 2024 (2024-04-02) present 1 year, 342 days [29]

Chief executive officers

The following served as chief executive officers of the association:

Order Officeholder Title Term began Term end Time in office Notes
1 Alan Cullen Chief Executive Officer 1985 September 1995 (1995-09) 10 years [30][31]
2 Mark Addis January 1996 (1996-01) October 1997 (1997-10) 0–1 years [31][12]
3 Tony Aveling October 1997 (1997-10) 2000 2–3 years [13]
4 Jeff Oughton Acting Chief Executive Officer April 2000 (2000-04) January 2001 (2001-01) 275 days
5 David Bell Chief Executive Officer January 2001 (2001-01) 8 March 2010 (2010-03-08) 9 years, 66 days
6 Steven Münchenberg 8 March 2010 (2010-03-08) 3 April 2017 (2017-04-03) 7 years, 26 days [32][33][34]
5 Anna Bligh 17 February 2017 (2017-02-17) present 8 years, 341 days [35][36]

See also

  • Banking in Australia
  • Bank nationalisation in Australia
  • Financial regulation in Australia
  • Four pillars policy
  • Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry
  • Too big to fail

References

  1. ↑ 1.0 1.1 "History". Australian Banking Association. https://www.ausbanking.org.au/about-us/history/. 
  2. ↑ 2.0 2.1 "Australian Banking Association Members" (in en-AU). https://www.ausbanking.org.au/about-us/our-members/. 
  3. ↑ "The Australian Banking Association's role". Australian Banking Association. https://www.ausbanking.org.au/about-us/the-aba/. 
  4. ↑ 4.0 4.1 "The ABA" (in en-AU). https://www.ausbanking.org.au/about-us/the-aba/. 
  5. ↑ "Australian banks shut down internal appeal avenue for unhappy customers" (in en). 2021-09-03. http://www.theguardian.com/australia-news/2021/sep/03/australian-banks-shut-down-internal-appeal-avenue-for-unhappy-customers. 
  6. ↑ "Independent review of the Banking Code of Practice" (in en). https://www.jdsupra.com/legalnews/independent-review-of-the-banking-code-5293987/. 
  7. ↑ "COVID-19 Banking Timeline: a financial history of the pandemic" (in en-AU). 2020-05-06. https://www.ausbanking.org.au/covid-19-banking-timeline/. 
  8. ↑ Maley, Karen (20 July 1991). "Fowler to Retire Early From Westpac". Fairfax Media. 
  9. ↑ 9.0 9.1 "In Brief". Fairfax Media. 2 July 1992. 
  10. ↑ Canu, Sonia (30 November 1994). "Farm Debt Mediation Furore". Fairfax Media. 
  11. ↑ Shield, Helen (17 July 1996). "ANZ's Mercer Says State Taxes Inhibit Bank Growth". Australian Associated Press. 
  12. ↑ 12.0 12.1 12.2 Gray, Joanne (24 October 1997). "Westpac exec takes reins at ABA". Fairfax Media. https://www.afr.com/politics/westpac-exec-takes-reins-at-aba-19971024-k7p5t. 
  13. ↑ 13.0 13.1 13.2 13.3 Khoury, Phil (2006). "The history of Australian Banking: 1991 - 2006". Banking in Australia Today. Australia. p. 24. https://www.bankinginaustraliatoday.com/images/Stories/BankingCode/161020-ABA-Code-Review-121p.pdf. 
  14. ↑ O'Riordan, Ben (19 July 1999). "Clearing the airwaves: Laws on notice as bankers feud". Fairfax Media. https://www.afr.com/companies/media-and-marketing/clearing-the-airwaves-laws-on-notice-as-bankers-feud-19990719-k8uw0. 
  15. ↑ "David Murray Elected as New ABA Chairman" (Press release). Australian Bankers' Association. 23 May 2001. Archived from the original on 1 May 2009. Retrieved 13 January 2025.
  16. ↑ "John McFarlane Elected as Australian Bankers' Association's New Chairman" (Press release). Australian Bankers' Association. 17 June 2003. Archived from the original on 24 February 2011. Retrieved 13 January 2025.
  17. ↑ "David Morgan Elected as Australian Bankers' Associations New Chairman" (Press release). Australian Bankers' Association. 27 June 2005. Archived from the original on 20 September 2009. Retrieved 13 January 2025.
  18. ↑ "John Stewart Elected as New Chairman of the Australian Bankers' Association" (Press release). Australian Bankers' Association. 17 July 2007. Archived from the original on 7 October 2009. Retrieved 13 January 2025.
  19. ↑ 19.0 19.1 Murdoch, Scott (23 November 2011). "Smith takes the helm at ABA, replacing Norris". News Corp Australia. https://www.theaustralian.com.au/business/financial-services/mike-smith-to-chair-aba/news-story/183ee5146291ccb0c66144d6813f4833. 
  20. ↑ "Ralph Norris elected Chairman of the Australian Bankers' Association" (Press release). Australian Bankers' Association. 3 December 2008. Archived from the original on 22 September 2009. Retrieved 13 January 2025.
  21. ↑ "Westpac's Group CEO Gail Kelly elected Chairman of the Australian Bankers' Association" (Press release). Australian Bankers' Association. 4 December 2013. Archived from the original on 4 March 2018. Retrieved 3 March 2018.
  22. ↑ Eyers, James (10 December 2014). "Westpac CEO Brian Hartzer appointed Australian Bankers' Association chairman". Australian Financial Review (Australia). https://www.afr.com/business/banking-and-finance/financial-services/westpac-ceo-brian-hartzer-appointed-australian-bankers-associationchairman-20141210-124ggb#ixzz58hJJXjFt. 
  23. ↑ "NAB CEO new Chairman of the Australian Bankers' Association" (Press release). Australian Bankers' Association. 2 December 2017. Archived from the original on 4 March 2018. Retrieved 3 March 2018.
  24. ↑ 24.0 24.1 Frost, James (16 October 2017). "Worst-kept secret revealed as ABA names ANZ's Elliott as chair". Australian Financial Review (Australia). https://www.afr.com/business/banking-and-finance/financial-services/worst-kept-secret-revealed-as-aba-names-anzs-elliott-as-chair-20171016-gz20ow#ixzz58hCiEYb0. 
  25. ↑ Durie, John (4 December 2017). "ANZ's Shayne Elliott steps into banking's hot seat". The Australian. https://www.theaustralian.com.au/business/opinion/john-durie/anzs-shayne-elliott-steps-into-bankings-hot-seat/news-story/efeadd34fee94d05636f66de31de34bf&usg=AOvVaw2ap2ZSjRtmURT6GA6Rx3KO. 
  26. ↑ Aston, Joe (10 September 2019). "Comyn Assuming ABA Chair in December". Australian Financial Review (Australia). https://www.afr.com/rear-window/matt-comyn-assuming-aba-chair-in-december-20190910-p52pqv. 
  27. ↑ Gluyas, Richard (23 November 2021). "Peter King set to sit on ABA Throne". Australian Business Review (Australia). https://www.theaustralian.com.au/business/financial-services/four-pillars-peter-king-set-to-sit-on-the-aba-throne-despite-woes-at-westpac/news-story/4362375ce52d6653dd00e3772fa9a179. 
  28. ↑ "ABA Council appoints Ross McEwan as new Chair" (Press release). Australian Banking Association. 8 December 2023. Archived from the original on 25 February 2024. Retrieved 13 January 2025.
  29. ↑ Ross, David (7 February 2024). "'No moonshot' but new chief eyes growth for NAB". Fairfax Media. https://www.afr.com/companies/media-and-marketing/clearing-the-airwaves-laws-on-notice-as-bankers-feud-19990719-k8uw0. 
  30. ↑ Burrell, Steve (3 September 1986). "Deregulate Or Loan Famine Will Stay, Says Bank". Fairfax Media. 
  31. ↑ 31.0 31.1 Cornell, Andrew (10 November 1995). "Bankers name new image-maker". Fairfax Media. https://www.afr.com/politics/bankers-name-new-image-maker-19951110-k6o1v. 
  32. ↑ "NAB's Steven Munchenberg appointed chief executive of Australian Bankers Association". The Australian. 23 January 2010. http://www.theaustralian.com.au/business/nabs-steven-munchenberg-appointed-chief-executive-of-australian-bankers-association/story-e6frg8zx-1225822681046. 
  33. ↑ Shapiro, Jonathan (21 October 2016). "ABA chief executive Steve Münchenberg steps down". Australian Financial Review (Australia). http://www.afr.com/business/banking-and-finance/aba-chief-executive-steve-munchenburg-steps-down-20161020-gs7dr6. 
  34. ↑ Sier, Jessica (19 February 2017). "Major banks back Anna Bligh for ABA top job". Australian Financial Review (Australia). http://www.afr.com/business/banking-and-finance/major-banks-back-anna-bligh-for-aba-top-job-20170219-guge72#ixzz58m2OAZ80. 
  35. ↑ Silva, Kristian (17 February 2017). "Anna Bligh appointed as first female Australian Bankers' Association CEO". ABC News (Australia). http://www.abc.net.au/news/2017-02-17/anna-bligh-appointed-first-female-aust-bankers-assoc-ceo/8279578. 
  36. ↑ Whyte, Jemina (9 November 2017). "Can Australian Bankers' Association CEO Anna Bligh persuade us to trust banks?". Australian Financial Review (Australia). http://www.afr.com/brand/boss/the-remaking-of-anna-bligh-20171020-gz52q7#ixzz58hBafzqa. 

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