ABA chief to step down
(24 August 2009 – Australia) The Australian Bankers’ Association (ABA) chief executive, David Bell, has decided to step down after nearly nine years in the role.
The Chairman of the ABA, Ralph Norris, announced the decision of David Bell to step down in July 2010.
Bell indicated to the board that he will continue as CEO during the search for his replacement, so that there can be an orderly transition before his contracted period concludes in July 2010.
Norris indicated that the ABA has already begun its search for a replacement.
Bell said that while he announced that he was stepping down, there still remains a lot of work for him to do at the ABA to make sure that the numerous regulatory proposals and Parliamentary Committee reviews are dealt with in the best possible way.
During his tenure, the highlight according to Bell was restoring the banking industry’s voice in Canberra, where he believes the industry now has its views taken on board.
Bell commented that the ABA's biggest challenge going forward is to respond effectively to the G20's agenda to tighten regulation, given that the local banking industry has emerged from the crisis in much better shape than its global peers.
Bell indicated to the board that he will continue as CEO during the search for his replacement, so that there can be an orderly transition before his contracted period concludes in July 2010.
Norris indicated that the ABA has already begun its search for a replacement.
Bell said that while he announced that he was stepping down, there still remains a lot of work for him to do at the ABA to make sure that the numerous regulatory proposals and Parliamentary Committee reviews are dealt with in the best possible way.
During his tenure, the highlight according to Bell was restoring the banking industry’s voice in Canberra, where he believes the industry now has its views taken on board.
Bell commented that the ABA's biggest challenge going forward is to respond effectively to the G20's agenda to tighten regulation, given that the local banking industry has emerged from the crisis in much better shape than its global peers.
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