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Former Queensland Premier Anna Bligh is stepping down as CEO of the Australian Banking Association (ABA), ending almost eight years at the helm of the banking industry’s representative body.
While a replacement has yet to be named, Bligh has reflected on the “rollercoaster” ride that the role presented after securing the position in April 2017 ahead of the royal commission into banking misconduct which was established in December that year.
Ultimately, Bligh notes that the role has been “enormously professionally and personally satisfying”.
“Australia’s banks have thoughtful people committed to their customers and it’s been a pleasure to work with them,” says Bligh, who served as Queensland Premier from 2007 to 2012.
“Our banks pull some of the biggest levers in the economy and have enormous impact on people’s lives, so I’ve relished the chance to play a part in improving the system and making a difference.
“When I started in 2017, the banking industry had lost the trust of the Australian community and has since worked tirelessly to earn back that trust. Every bank stepped up to support Australians during the COVID pandemic, deferring mortgage and loan repayments for every customer who needed it.
“Across the sector, Australia’s banks are playing a leadership role in building the digital economy, tackling scams and financial fraud, supporting customers experiencing vulnerability and financial stress, including those experiencing domestic violence and elder abuse.”
The ABA has a membership of 20 banks, including the Big Four, with a mission to advocate for the banking sector in Australia including lending its voice to policy or legislation changes proposed by governments that may affect its membership.
ABA chair Andrew Irvine, who is CEO of National Australia Bank (ASX: NAB), paid tribute to Bligh for playing a “transformative role for the industry through difficult and necessary periods for the country”.
“The role of an industry association CEO is always a challenging one and we are certainly fortunate that Anna has invested so much time and energy for Australian financial services,” says Irvine.
“She has held a relentless focus on helping and supporting customers, particularly the most vulnerable members of our community.
“She has been a cornerstone of industry actions following the necessary Royal Commission in 2018-19 and our positive response to support customers and the broader economy during the COVID pandemic and recovery.
“It is clear that Anna has the respect of her stakeholders, formed strong working relationships with other peak bodies domestically and internationally. She has elevated debate around banking services to a higher, more effective policy-based set of considerations.”
The ABA has not given a firm date for Bligh’s departure other than she will leave by mid-2025. Her replacement has yet to be announced.
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