​Westpac CEO tipped to head ABA

by 04 Dec 2013
Westpac chief executive Gail Kelly is the favourite to take over as chairperson of the ABA ahead of a formal announcement later today.

The ABA will hold its annual general meeting today where a new chairperson will be elected and formally announced as successor to ANZ chief executive Mike Smith.

The ABA said it could not comment ahead of the AGM, but several industry sources have said Kelly’s election was a near certainly, according to The Australian.

The role of the banking body rotates among the chiefs of the nation's biggest banks every two years, with Smith serving since November 2011 after taking over from former Commonwealth Bank boss Ralph Norris.