Simon Birmingham, the former finance minister and leader of the Senate, has been appointed the new chief executive of the Australian Banking Association (ABA), the leading body representing banks across Australia. This significant career transition comes just months after his departure from politics and a brief role as ANZ’s Head of Asia Pacific Engagement. Birmingham succeeds Anna Bligh, a former Queensland premier, who is retiring from the position.
Expressing gratitude for the opportunity, Birmingham stated his commitment to prioritising trust in Australia’s banking system, striving for a competitive regulatory framework, and fostering innovation that bolsters Australia’s financial interests. He emphasised the integral role of banks within the economy, highlighting their importance to businesses and the personal financial wellbeing of Australians. He noted the necessity of a robust financial services sector, which includes large banks, regional institutions, and customer-owned organisations, for the benefit of all Australians.
Birmingham has a longstanding career in politics, having begun his parliamentary journey in 2007, earning respect from colleagues across the political spectrum. Andrew Irvine, chairman of the ABA and National Australia Bank CEO, expressed enthusiasm for Birmingham’s leadership, praising his track record of involvement in key policy decisions that have shaped the nation. Irvine remarked on Birmingham’s adeptness at navigating complex environments and uniting diverse interests, making him well-suited for this role as a reliable and respected voice for the industry.
Birmingham will officially take up his new role on August 18.