Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 31 - 40 of 82 results for "Shayne Elliot"

More scrutiny for super fund, insurance firm chiefs

KARREN VERGARA  |  MONDAY, 5 AUG 2019
Top executives of superannuation funds and life insurance companies could soon face another inquiry that has traditionally put the blowtorch on the chiefs of the four major banks. The Coalition has asked that the House of Representatives Standing Committee ...

ANZ serious on cost cuts

ELIZABETH MCARTHUR  |  MONDAY, 6 MAY 2019
... executive said his plans for a streamlined bank should save the company roughly $1 billion by 2022. ANZ chief executive Shayne Elliot said: "We will continue to simplify and strengthen the bank, including exiting, shrinking and closing non-core businesses ...

ANZ boosts remediation team

HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
... by more than 50%. Currently ANZ's remediation provisions stand at $698 million, and according to chief executive Shayne Elliot, the bank has no choice but to "get on with it." "What we recognise is if you stand back and think about the environment, we've ...

ANZ reshuffles leadership team

JAMIE WILLIAMSON  |  THURSDAY, 28 FEB 2019
ANZ is shedding its single governance and accountability structure, appointing two group executives to share responsibility for the Australian business' financial performance. The bank is introducing a new management structure to better navigate the ...

Institutions respond to Royal Commission, make commitments

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... recommendations in the report will help us build on this progress," Westpac chief executive Brian Hartzer said. ANZ chief Shayne Elliot said the experience of the Royal Commission had been humbling, and said the bank accepted responsibility for its failings. ...

ANZ Australia head to depart

JAMIE WILLIAMSON  |  FRIDAY, 14 DEC 2018
ANZ's group executive for Australia is stepping down and taking an extended career break to spend time with family. Fred Ohlsson has announced he will be returning to his native Sweden following 17 years' at the bank. Current group executive, business ...

Social media reacts to final Royal Commission hearings

HARRISON WORLEY  |  FRIDAY, 30 NOV 2018
... 28, 2018 Employment lawyer David Taylor said scrutiny needed to be applied on the banks, after ANZ chief executive Shayne Elliot said developing a culture of speaking up had been challenging.

ANZ hid reasons for executive pay cuts

KANIKA SOOD  |  THURSDAY, 29 NOV 2018
ANZ chief executive Shayne Elliott admitted the bank did not disclose to its shareholders or staff that three of its senior executives had their variable pay held back in FY18 on account of compliance issues. Elliot's own variable remuneration was ...

ANZ lambasted for breach reporting delays

KARREN VERGARA  |  WEDNESDAY, 28 NOV 2018
ANZ is the slowest and an "outlier" among the major banks to report significant breaches, the Royal Commission heard this morning. ANZ chief executive Shayne Elliott couldn't justify why the bank took 213 days to report significant breaches (despite ...

ANZ wealth flows decline

KARREN VERGARA  |  WEDNESDAY, 31 OCT 2018
... million after tax charges have been recognised as refunds to customers and related remediation costs. Chief executive Shayne Elliot said ANZ has taken action to "fast-track fundamental changes" as a result of the Royal Commission. External legal costs ...