The Australian Banking Association council re-elected its chair and deputy chair for another 12 months during its annual general meeting.
Shayne Elliott, CEO, ANZ will remain as chair of the ABA, while David Carter, CEO, Suncorp will stay as deputy.
Mr Elliott has been in his role since December last year, and said there was much work to be done as the industry continues to reform and re-earn trust.
“I’m pleased to have been re-elected chair of the ABA for what will be an important year for the industry as we continue to earn trust from customers and the community,” Mr Elliott said.
“While there has been significant reform in recent years, the 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.”
Mr Carter, deputy chair since June this year, said he was pleased to be re-elected and focused on embedding change in the industry.
“Rebuilding trust with the Australian community will take a significant and sustained effort from the industry,” Mr Carter 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.”
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
You can contact her on [email protected].
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