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Silk leaves challenges for AusSuperâs new CEO Ian Silk leaves an impressive legacy after 15 years running AustralianSuper. But his successor Paul Schroder will have his work cut out dealing with tectonic changes in retirement incomes. Jul 13, 2021 â 12.17pm Save Share AustralianSuper chief executive Ian Silk is a hard act to follow given his achievements over the past 15 years as boss of the countryâs largest superannuation fund. His successor as CEO, former Finance Sector Union official Paul Schroder, who has been with AustralianSuper since 2007, faces a very different set of challenges to those that faced Silk. Ian Silk is a hard act to follow at AustralianSuper. ....
Global bank Citi is closing operations in Australia Posted 2 updated 1 Citi Australia is selling off its retail banks. ( Share Print text only Cancel Global bank Citigroup has put its consumer banking business up for sale in Australia and 12 other countries, including India and China, as it focuses on more profitable parts of its business like investment banking. Key points: Citi Australia has 1.8 million customers for its consumer banking services It is the fifth largest credit card issuer in Australia, with 12 per cent of the market Citi Australia says it has received interest from several potential buyers. The bank is the fifth-largest issuer of credit cards in Australia, behind the big four banks, and was the first foreign bank to be granted a banking licence in 1985. ....
Talk grows of major bank acquisition deal Is Bank of Queensland well advanced with plans to acquire a rival bank in a deal that could easily top $1 billion? Business by Anthony Marx Premium Content Subscriber only All the latest news and gossip from Brisbane s business movers and shakers. this is City Beat: BANKING MARRIAGE Is Bank of Queensland well advanced with plans to acquire rival ME Bank in a deal that could easily top $1 billion? That s the word from City Beat spies, one of whom reports he overhead a BoQ top gun in a Bondi café last week discussing the fact that they are close to making an announcement. ....