ANZ Banking Group boss Mike Smith isn’t going anywhere, but the most important agent for his Asia strategy is. Alex Thursby, chief executive of international and institutional banking, is taking the chief’s seat at National Bank of Abu Dhabi, leaving Smith without the man who has been essential building up the bank’s position. Two commentators address the significance of the loss and the circumstances of Thursby’s exit.
Also this morning, Reserve Bank Governor Glenn Stevens has picked up another three year term to no serious objections. Two commentators explain how much he deserves another run.