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The Commonwealth Bank of Australia was established by the Commonwealth Bank Act 1911, introduced by the Andrew Fisher Labor government, which favoured bank nationalisation, with effect on 22 December 1911. [10] [11] In a rare move for the time, the bank was to have both savings and general bank business. The bank was also the first bank in ...
Prior to his appointment to the Future Fund, Murray was the Chief Executive Officer of the Commonwealth Bank between 1992 and 2005. In Murray's 13 years as Chief Executive, the Commonwealth Bank transformed from a partly privatised bank with a market capitalisation of $6 billion in 1992 to a $49 billion integrated financial services company, [2] generating in the process total shareholder ...
Callaghan returned to Australia in 1960 to become manager of the Commonwealth Development Bank. In May 1965, he succeeded Ernest Biggs Richardson as managing director of the Commonwealth Banking Corporation, a position he held until 1976. He was also president of the Bankers' Institute of Australasia from 1972 to 1974. [1]
The Commonwealth Bank Officers' Association was an Australian trade union, comprising staff of the Commonwealth Bank of Australia.It was established in 1930 and continued until 1993 when combined with another sector union to form the Finance Sector Union in a wider process of union amalgamation in Australia at that time.
Matt Comyn is an Australian business executive and the current chief executive officer (CEO) of Australia's Commonwealth Bank, one known to be a part of the "Big Four Banks". Having been with the bank since 1999 (aged 24), [ 1 ] [ 2 ] Comyn became the CEO in April 2018, taking over from Ian Narev .
Ian Narev (born 22 April 1967) is the CEO of SEEK Limited. He is a former managing director and chief executive officer of the Commonwealth Bank Group commencing these roles on 1 December 2011 [1] and being succeeded by Matt Comyn.
Banking in Australia is dominated by four major banks: Commonwealth Bank, Westpac, Australia & New Zealand Banking Group and National Australia Bank.There are several smaller banks with a presence throughout the country which includes Bendigo and Adelaide Bank, Suncorp Bank, [1] and a large number of other financial institutions, such as credit unions, building societies and mutual banks ...
In 1960, when the Reserve Bank of Australia was created to take over the Commonwealth Bank's central banking functions, Coombs was appointed governor of the Reserve Bank. At the time, he paid tribute to Sir Leslie Melville by advising the government and others that the best man for the job had been overlooked.