Financial circles are rife with rumours that we’re about to see some movement at the top echelons of the banking world.
Forget the looming mortgage repayment cliff. At present, bankers are obsessed with their prospects for career advancement amid speculation that one of the country’s choicest finance jobs could be up for grabs.
That means Elliott has steered the Melbourne-based bank through two trying periods; the Hayne royal commission and the COVID-19 pandemic.Elliott is expected to still be in the top job when ANZ finds out whether its proposed takeover has been given the green light from the consumer watchdog and Treasurer Jim Chalmers.
Still, as an extremely diligent chief executive, McEwan has made sure he’s put in place a training program for NAB senior executives to equip them with the leadership skills to take on more challenging roles.There will also be some changes at the top level of Westpac, after the bank’s chairman, John McFarlane, announced that he would step down this year.
Comyn will be nervous that headhunters will be surreptitiously approaching his executive team to canvass their interest in stepping into these plum positions.
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