Major bank CEO named ABA chair

The council of the Australian Bankers’ Association has elected Andrew Thorburn, NAB group chief executive, as its new chairman, succeeding Mr Brian Hartzer, Westpac group CEO.

“It’s a great responsibility to be elected as chair of the ABA and I’m looking forward to taking on the role at a time when the industry is required to adapt to local and global changes.

“There are many opportunities and challenges that lie ahead for Australia’s economy and the banking industry will continue to play a strong part in the nation’s growth and success,” he said.

Mr Thorburn also thanked outgoing chair organisation, Westpac.

“I’d also like to take this opportunity to thank Westpac for their stewardship of the ABA over the last two years, led by Gail Kelly and Brian Hartzer,” he said.

“Both Gail and Brian have played an important role during a challenging time for the industry showing great commitment and leadership.”

Mike Hirst, managing director of Bendigo and Adelaide Bank, continues in his role as deputy chairman of the ABA.