The Australian Banking Association Council has announced it has re-elected a major bank CEO as its chair.
The association held its annual general meeting, where ANZ chief executive Shayne Elliott was elected to continue as chair, and David Carter as deputy chair, for another 12 months.
Elliott has been chair of the ABA since December 2017 and said there was much work to be done as the industry continues to reform and re-earn trust.
He said, “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.
“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.”
Carter, CEO of Suncorp Bank and deputy chair of the ABA since June this year, said he was pleased to be re-elected and focussed on embedding change in the industry.
He said, “Rebuilding trust with the Australian community will take a significant and sustained effort from the industry.
“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.”