Board of directors

David J Turner, Chairman

Mr Turner was appointed to the Board in August 2006 and has been Chairman since February 2010. He is Chairman of the Board Performance and Renewal Committee and a member of the Risk Committee and the People & Remuneration Committee.

Mr Turner has extensive experience in finance, international business and governance. He was Chairman of Cobham plc from May 2008 until May 2010. He was CEO of Brambles Limited from October 2003 until his retirement in June 2007 and formerly CFO from 2001 to 2003. He was also Finance Director of GKN plc, Finance Director of Booker plc and spent six years with Mobil Oil.

Mr Turner has also been a Non Executive Director of Whitbread plc, Director of the Iron Trades Insurance Group and Member of the Quotations Committee of the London Stock Exchange. 

Director: Great Barrier Reef Foundation and O’Connell Street Associates.

Other Interests: Institute of Chartered Accountants in England and Wales (Fellow).

Mr Turner is a resident of New South Wales. Age 66.

Ian M Narev, Managing Director and Chief Executive Officer

Mr Narev was appointed as Managing Director and Chief Executive Officer effective 1 December 2011. 

Mr Narev joined the Group in May 2007, and has been a member of the Executive Committee since then.  From May 2007 until January 2009, Mr Narev was Group Head of Strategy and led the Bankwest acquisition in 2008 as well as the Group’s investment in Aussie Home Loans.  From January 2009 until his appointment as Chief Executive Officer, Mr Narev was Group Executive Business and Private Banking.

Prior to joining the Group, Mr Narev was a partner of McKinsey & Company, having joined McKinsey in New York in 1998.  Prior to joining McKinsey, Mr Narev was a lawyer specialising in mergers and acquisitions.

Chairman: CommFoundation Pty Limited, Springboard Trust (not-for-profit organisation).

Mr Narev is a resident of New South Wales.  Age 44

Sir John Anderson, KBE

Sir John joined the Board in March 2007. He is a member of the Risk Committee and Board Performance and Renewal Committee. Sir John is a highly respected business and community leader, having held many senior positions in the New Zealand finance industry including Chief Executive Officer and Director of ANZ National Bank Limited from 2003 to 2005 and the National Bank of New Zealand Limited from 1989 to 2003.

In 1994, Sir John was awarded Knight Commander of the Civil Division of the Order of the British Empire, and in 2005 received the inaugural Blake Medal for “Outstanding Leadership Contributions to New Zealand”.

Chairman: Television New Zealand Limited, New Zealand Venture Investment Fund, National Property Trust Limited and PGG Wrightson Limited.

Director: Steel & Tube Holdings Limited (NZ).

Other Interests: Institute of Financial Professionals New Zealand (Fellow), Institute of Directors (Fellow), New Zealand Institute of Chartered Accountants (Fellow), Australian Institute of Banking and Finance (Life Member) and The Canterbury Business Recovery Trust Fund (Trustee).

Sir John is a resident of Wellington, New Zealand. Age 66.

Colin R Galbraith, AM

Mr Galbraith has been a member of the Board since June 2000 and is a member of the Risk Committee, Audit Committee and Board Performance and Renewal Committee. He is a special advisor for Gresham Partners Limited.

Chairman: BHP Billiton Community Trust.

Director: OneSteel Limited and Australian Institute of Company Directors.

Other Interests: CARE Australia (Director) and Royal Melbourne Hospital Neuroscience Foundation (Trustee).

Mr Galbraith is a resident of Victoria. Age 63.

Jane Hemstritch

Ms Hemstritch was appointed to the Board effective October 2006. She is Chairman of the People & Remuneration Committee and a member of the Risk Committee.

Ms Hemstritch was Managing Director - Asia Pacific for Accenture Limited from 2004 until her retirement in February 2007. In this role, she was a member of Accenture’s global executive leadership team and oversaw the management of Accenture’s Asia Pacific business portfolio. She holds a Bachelor of Science Degree in Biochemistry and Physiology and has professional expertise in technology, communications, change management and accounting. She also has experience across the financial services, telecommunications, government, energy and manufacturing sectors and in business expansion in Asia. 

Director: The Global Foundation, Victorian Opera Company Limited, Tabcorp Ltd, Santos Ltd and Lend Lease Group.

Other Interests: Institute of Chartered Accountants in Australia (Fellow), Institute of Chartered Accountants in England and Wales (Fellow), Australian Institute of Company Directors (Fellow), Chief Executive Women Inc. (Member), Walter and Eliza Hall Institute Financial Sustainability Committee (Member), Council of Governing Members of The Smith Family and CEDA’s Policy and Research Committee (Member) and Council of the National Library of Australia (Member).

Ms Hemstritch is a resident of Victoria. Age 57.

Launa Inman

Ms Inman was appointed to the Board effective March 2011. She is a member of the Risk Committee.

Ms Inman was Managing Director of Target Australia Pty Limited from 2005 to 2011. Prior to that appointment, Ms Inman was Managing Director of Officeworks.

Ms Inman won the 2003 Telstra Australian Business Woman of the Year and was winner of the Commonwealth Government Private and Corporate Sector Award. Other Interests: Australian Institute of Company

Directors (Member), Chief Executive Women Inc. (Member), Australian Institute of Management (Member) and World Retail Congress Advisory Board (Member).

Ms Inman is a resident of Victoria. Age 55

 

Carolyn Kay

Ms Kay has been a member of the Board since March 2003 and is also a member of the Audit, People & Remuneration and Risk Committees.

Ms Kay holds Bachelor Degrees in Law and Arts and a Graduate Diploma in Management. She has over 25 years of experience in Finance, particularly in International Finance, including working as both a banker and a lawyer at Morgan Stanley, JP Morgan and Linklaters & Paines in London, New York and Australia. 

Director: Allens Arthur Robinson, Brambles Industries Limited, Infrastructure NSW and Sydney Institute.

Other Interests: Australian Institute of Company Directors (Fellow) and Chief Executive Women’s Inc (Member).

Ms Kay is a resident of New South Wales. Age 50.

Brian Long

Mr Long was appointed to the Board effective September 2010. He is the Chairman of the Audit Committee and a member of the Risk Committee.

Mr Long retired as a partner of Ernst & Young in June 2010. Until that time he was the Chairman of both the Global Advisory Council and of the Oceania Area Advisory Council. He was one of the firm’s most experienced audit partners with over 30 years experience in serving as audit signing partner on major Australian public companies including those in the financial services, property, insurance and media sectors.

Director: Cantarella Bros, Pty Ltd

Chairman: Ten Network Holdings Limited

Other Interests: Institute of Chartered Accountants in Australia (Fellow), Chairman of United Way Australia, Member of Council and Chairman of Audit Committee for each of the National Library of Australia and the University of NSW.

Mr Long is a resident of New South Wales. Age 65.

 

Andrew M Mohl

Mr Mohl was appointed to the Board effective July 2008 and is a member of the Risk and People & Remuneration Committees.

He has over 30 years of financial services experience. Mr Mohl was Managing Director and Chief Executive Officer of AMP Limited from October 2002 until December 2007.

Mr Mohl’s previous roles at AMP included Managing Director of AMP Financial Services and Managing Director and Chief Investment Officer of AMP Asset Management.

Mr Mohl was a former Group Chief Economist, Chief Manager, Retail Banking and Managing Director of ANZ Funds Management at ANZ Banking Group. He began his career at the Reserve Bank of Australia where his roles included Senior Economist and Deputy Head of Research. Chairman: Federal Government Export Finance and Insurance Corporation.

Director: AMP Foundation.

Other Interests: Coaching services to Chief executives, Member of the Board of Governors for the Committee of Economic Development of Australia, and the Corporate Council of the European Australian Business Council.

Mr Mohl is a resident of New South Wales. Age 55.

Fergus D Ryan, AO

Mr Ryan has been a member of the Board since 2000 and is a member of the Audit Committee and the Risk Committee.

He has extensive experience in accounting, audit, finance and risk management. He was a senior partner of Arthur Andersen until his retirement in 1999, after 33 years with that firm, including five years as Managing Partner Australasia. Until 2002, he was Strategic Investment Co-ordinator and Major Projects Facilitator for the Commonwealth Government.

Director: Australian Foundation Investment Company Limited, and Centre for Social Impact.

Other Interests: Chairman of the Advisory Council of the Global Foundation, Committee for Melbourne (Counsellor) and Pacific Institute (Patron).

Mr Ryan is a resident of Victoria. Age 68.

 

Harrison Young

Mr Young has been a member of the Board since February 2007. He is Chairman of the Risk Committee and a member of the Audit Committee.

From 2003 to 2007, Mr Young was Chairman of Morgan Stanley Australia, and from 1997 to 2003 Vice Chairman of Morgan Stanley Asia. Prior to that, he spent two years in Beijing as Chief Executive Officer of China International Capital Corporation. From 1991 to 1994 he was a senior officer of the Federal Deposit Insurance Corporation in Washington. Chairman: NBN Co Limited and Better Place (Australia) Pty Limited.

Director: Bank of England and Financial Services Volunteer Corps.

Mr Young is a resident of Victoria. Age 66.