ABA chief executive to step down
The chief executive of the Australian Bankers' Association (ABA), David Bell, will step down in July next year.
The chairman of the ABA, Ralph Norris, thanked Bell for his service during a challenging time for the industry.
“David and his ABA team have delivered a tremendous amount of support and value to the member banks during the term of his leadership,” Norris said.
Bell thanked his management team and said he would continue to work with the ABA to ensure the regulatory proposals and parliamentary reviews are dealt with “in the best possible way”.
Recommended for you
ASIC has permanently banned a former Perth adviser after he made “materially misleading” statements to induce investors.
The Financial Services and Credit Panel has made a written order to a relevant provider after it gave advice regarding non-concessional contributions.
With wealth management M&A appetite only growing stronger, Business Health has outlined the major considerations for buyers and sellers to prevent unintended misalignment between the parties.
Industry body SIAA has said the falling number of financial advisers in Australia is a key issue impacting the attractiveness and investor participation of both public and private markets.
