29 June 2018
Today the Australian Banking Association has elected David Carter, Suncorp CEO Banking & Wealth as new Deputy Chair to replace the retiring Mike Hirst.
Mike Hirst announced his retirement as Managing Director, Bendigo and Adelaide Bank in March this year.
Mike is a career banker of the finest calibre with over 35 years’ experience in retail banking, finance, financial markets, treasury and financial planning. Before Bendigo Bank, Mike worked with Colonial First State, AMP Bank, and Westpac.
Mike joined Bendigo Bank in 2001, and was appointed Managing Director in 2009. Since this time, he has been a member of the ABA Council.
In 2013, Mike was elected Deputy Chairman of the ABA Council, and was re-elected in 2015 and 2017.
The Council of the ABA thanks Mike for his long service to the industry over many decades and seven years as deputy chair of the association.
His energy and commitment to the industry and his outstanding leadership during a challenging time has been thoroughly valued by all member banks.
During his time as Deputy Chairman Mike has played an incredibly important role through advocacy not just on behalf of regional banks but also through stewardship on behalf of all ABA members.
Mike was instrumental in developing important industry reform initiatives such as the Better Banking Reform Program, which included a complete rewrite of the Banking Code of Practice.
There is no doubt his wise counsel and guidance will be missed by all ABA member banks.
The ABA warmly welcomes Mr David Carter to the new role of Deputy Chair. David will bring a wealth of experience to the role. With more than 25 years’ experience in banking, wealth management and life insurance he is well qualified to perform this important leadership and advocacy role on behalf of the industry.
Contact: Rory Grant 0475 741 007
“Australian banks are certainly better equipped now than they were in the GFC. They’ve got 2 to 2.5 times the capital reserves put aside for a rainy day than they had in the GFC”
“The Australian Banking Association (ABA) welcomes the agreement reached today on the proposed safeguard mechanism reforms, given it paves the way for the passing of a critical piece of legislation for Australia.
“This is about engaging with the entire banking ecosystem in order to ensure the accessibility of the sector’s services are best serving our diverse community now, and into the future.”