Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Horses for courses, bankers for banks

Outsider/

8 March 2019
| By Outsider |
image
image image
expand image

Outsider can think of few personalities more different than Ken Henry and Phil Chronican and so he expects significant cultural change at National Australia Bank now that Chronican has taken the chair.

Where Henry reflects his background as an economist, an academic and a public service mandarin, Chronican is more the quintessential banker having cut his teeth at Westpac during some of its more challenging days, as well as at ANZ.

Outsider also notes that Chronican, while he may be filling in as NAB chief executive, was savvy enough not to have sought full-time appointment to the role possibly because he has been at close quarters to the changing of the CEO guard at three of the major banks – Westpac, ANZ and NAB.

While Ken Henry’s star may not currently be in its customary ascendancy, Outsider senses that with significant changes likely to occur in Canberra later this year he would do well to dust-off his credentials for the day when tax reform is placed back on the agenda. 

 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

The succession dilemma is more than just a matter of commitments.This isn’t simply about younger vs. older advisers. It’...

13 hours 33 minutes ago

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

3 weeks 4 days ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

1 month ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

3 weeks 6 days ago

ASIC has released the results of the latest adviser exam, with August’s pass mark improving on the sitting from a year ago. ...

3 days 7 hours ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

1 week 5 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND