CBA CEO to chair ABA

CBA CEO Matt Comyn is the new chair of the Australian Banking Association.

He replaces ANZ CEO Shayne Elliott, who held the position for the last two years.

The ABA council is made up of executives from banking institutions, and the chairmanship rotates regularly.

In a statement, Comyn said the Australian Banking Association played an important role in the industry and would continue to do so as the industry seeks to earn back the trust of the Australian public. "The industry is working hard to improve customer outcomes, implement the Royal Commission and other regulatory changes, and align the Government's objectives to grow the economy.

"I look forward to working with ABA members to help drive change across the industry so that it can earn back the trust of the Australian people and continue to be an important pillar of the community and economy," he said.