ANZ's CEO, Mike Smith, brushed aside talk on Friday that he might be in the running to be chief of Barclays Bank.
"I came here to articulate and execute a strategy of creating a super-regional bank because I think Australia deserves an international bank," he told an Australia-China business forum held in Sydney, Dow Jones reported.
"My job is not done here. I still have more to do and I have no intention of doing anything but completing it."
The ABC and Dow Jones reported on Smith's comments.
Smith also told the forum that: "[In Asia] we've been fortunate to be able to use the crisis to our advantage. We're in pretty good shape to take advantage of anything that comes our way."
-- Peter Hanlon, Westpac's outgoing head of its financial services division, will remain with the bank in an "advisory role as an enterprise executive", the bank said in an announcement on Friday. Rumours of Hanlon's imminent departure from the bank have been circulating for several years, but the 57-year-old will extend his 22 years of service by advising on industry issues and reputation, as well as thinking up ways of marking the 200th anniversary of the foundation of the Bank of New South Wales in 2017.
-- UBS has extended for up to two years a unique deal to protect its top Australian bankers' bonus pool, to keep head-hunters at bay and to remain the dominant force in the local investment banking sector, Reuters reported over the weekend. The latest UBS bonus protection plan involves nearly a dozen managing director-level staff. Reuters named those covered by the bonus scheme as Guy Fowler, head of investment banking; David Di Pilla, co-head of the industrials group; Anthony Sweetman, head of corporate advisory; capital markets co-heads Barry Sharkey and Dane Fitzgibbon; and Simon Cox, head of equity capital markets.
- No shifting Smith or Hanlon
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23 July 2012 6:58am
