Moves at the top of Australia's leading banks

Industry Insight

Last week we reported on the Moves at the top of Australia's super funds and found that there wasn't much movement at the station. Australia's banking industry however has had a little more going on, with five CEOs moving on from the leading banks in the past 18 months.

This week our report shows who left, who took over - interestingly all were internal hires - and who remains in the big seats... at least for now.

Changes at the top

Snapshot

5............Number of Bank CEO moves reported on IM since July 2012
5............Average years served
3............Shortest years served
7............Longest years served
1............Female CEO departure
0............Female CEO appointments
100%.....Replacements found from within the Organisation

Moves at the top

Notable quotes from departing CEOs:

Cameron Clyne Cameron Clyne
A quip on his departure from NAB: "I would like my marriage to last longer than my time as a chief executive."
See move

Gail Kelly Gail Kelly
Speaking at a press conference in Sydney on her departure from Westpac: "I'm full of energy and I love my life and what I do,"... "I'm just retiring from the CEO position. I'll take my time in choosing other ways in which I can make a difference. So watch this space for additional things I might do."
See move

Craig Dunn Craig Dunn
At a media briefing announcing his retirement from AMP: "In my view of life, you sometimes have to close some doors to open new doors. That is what I'm doing personally."
See move

Stuart Grimshaw Stuart Grimshaw
On leaving BOQ to take up a position in Texas, Austin as chair of EZCorp: "It's a fantastic opportunity."
See move