BNET Industries

Last Fiscal Year Sales:$1.3B
- Public
- AU
Dow Jones Description
International Banking
Chief Executive Officer & Managing Director
Ralph J. NorrisNumber of Employees 38,000
Peer Companies
NAICS Code International Trade Financing: 522293
Recent Events
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Australia CBA adds 16 staff to equities team
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Commonwealth Bank Australia Beefs Up Institutional Equities
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MOVES-Deutsche Bank, Cazenove Capital, Queensland Treasury
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France's AXA, AMP poised to sweeten bid for AXA Asia
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Commonwealth Bank: Bad Debts Peaked
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Commonwealth Bank of Australia Announces 5-Year Deal With IdenTrust
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Commonwealth Bank Australia Names Ravi Kushan India CEO
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3rd UPDATE: ANZ To Buy ING JV In Australia, New Zealand For EUR1.1 Billion
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CEO OF AUSTRALIA'S COMMONWEALTH BANK SEES PAY RISE TO US$7.9 MLN
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Bad debts lead Commonwealth Bank of Australia to 1 per cent drop in profits
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Commonwealth Bank Chairman Schubert To Retire, Turner To Succeed
News & Analysis
Filter by
commonwealth bank of australia and electronic data systems corp. - All News and Analysis
Bank selects seven to contest bids.
Byline: Ben Woodhead Jul 09, 2007 (The Australian - ABIX via COMTEX) -- Commonwealth Bank of Australia CBA CIO Michael Harte has commented on its future outsourcing strategy. The current contract with EDS is to be abandoned, although it has temporarily been extended from...
CBA loses high-profile CIO to Multiplex.
Byline: Ben Woodhead Nov 28, 2005 (The Australian Financial Review - ABIX via COMTEX) -- Bob McKinnon has resigned as chief information officer CIO at the Commonwealth Bank of Australia, and...
CBA in dispute over who pays $20m for upgrade.
Byline: Joyce Moullakis Sep 18, 2005 (The Australian Financial Review - ABIX via COMTEX) -- The Commonwealth Bank of Australia CBA and software services provider EDS are believed to be...
CBA takes closer look at India.
Jul 04, 2005 (The Australian Financial Review - ABIX via COMTEX) The Commonwealth Bank of Australia CBA has appointed Boston Consulting Group to undertake an investigation into outsourcing. The bank is considering outsourcing some of its software maintenance services to India in order to...
External parties not invited.
Jun 06, 2005 (The Australian Financial Review - ABIX via COMTEX) The Commonwealth Bank of Australia CBA is committed to reclaiming its technology processes. Quentin Boyes heads the bank's business and technology services division, which has presided over the development of a new internet...
CBA considers shifting more work to India.
May 24, 2005 (The Sydney Morning Herald - ABIX via COMTEX) The Commonwealth Bank of Australia CBA may outsource more of its IT needs to India. CEO David Murray said on 24 May 2005 that CBA is also considering setting up a bank operation in...
CommBank leads charge into China.(Hangzhou City Commercial Bank)(Brief Article)
Apr 21, 2005 (The Australian Financial Review - ABIX via COMTEX) The Commonwealth Bank of Australia CBA wants to become a bigger player in the Chinese market. It will take a 19.9 per cent stake in Hangzhou City Commercial Bank near Shanghai and acquire Macquarie...
CBA expands in China with $100m Hangzhou buy.(Commonwealth Bank of Australia)(Hangzhou City Commercial Bank)(Brief Article)
Apr 21, 2005 (The Australian - ABIX via COMTEX) The Commonwealth Bank of Australia CBA has bought another stake in a Chinese bank. The bank will pay $A100 million for a 19.9 per cent holding in the Hangzhou City Commercial Bank. In November 2004, it...
Damovo wins part of $500m CBA task.
Jun 18, 2003 (The Australian Financial Review - ABIX via COMTEX) Damovo Australia will be one of the subcontractors on a five-year, $A500 million telecommunications contract. Damovo will provide "lower-end break and fix" services to Telecom Corporation of New Zealand TCNZ for at least...
CBA digital imaging boost.
Oct 16, 2002 (Australian Banking & Finance - ABIX via COMTEX) The Commonwealth Bank of Australia has installed ImageMark technology. The platform is used to scan cheques and vouchers and store their digital images. ImageMark succeeded legacy IT technology platforms. ImageMark downloads 1.5 million...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Ralph J. Norris | Chief Executive Officer & Managing Director |
| Michael Harte | Group Executive, Enterprise IT & Chief Information Officer |
| Barbara Chapman | Group Executive, Human Resources and Group Services |
| David Craig | Group Executive, Financial and Risk Management |
| Gary Mackrell | Group Executive, International Financial Services |
| Grahame Petersen | Group Executive, Wealth Management |
| John O'Sullivan | General Counsel |
| Stuart Grimshaw | Group Executive, Premium Business Services |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| John M. Schubert | Chairman |
| Colin R. Galbraith | Board of Directors |
| David J. Turner | Board of Directors |
| Fergus D. Ryan | Board of Directors |
| Harrison Young | Board of Directors |
| Jane Hemstritch | Board of Directors |
| John Anderson | Board of Directors |
| Reg J. Clairs | Board of Directors |
| S. Carolyn Kay | Board of Directors |
Mr. Norris joined the Commonwealth Bank as Managing Director and Chief Executive Officer on 23 September 2005. He started his working career with Mobil Oil New Zealand in 1967, before joining the Auckland Savings Bank (ASB) in 1969, which subsequently became a subsidiary of the Commonwealth Bank of Australia. He was appointed Managing Director and Chief Executive Officer of ASB Bank in 1991, retiring from that position in September 2001. He joined Air New Zealand Limited as Managing Director and Chief Executive Officer in February 2002, having served on the company’s Board of Directors for three years. Mr Norris left Air New Zealand to take up his appointment as CEO at the Commonwealth Bank. During his tenure as Chief Executive Officer of ASB, it expanded nationally, grew its profitability six-fold and increased market share by 60 per cent whilst being consistently rated the best financial services provider in New Zealand. Mr Norris was credited with leading a turnaround at Air New Zealand by returning the company to profitability and introducing a more customer-focussed culture, for which he was honoured with New Zealand’s Executive of the Year Award in 2004. He was previously New Zealand’s Executive of the Year in his role at ASB Bank. Mr Norris was awarded a Distinguished Companion of the New Zealand Order of Merit for services to business in 2006. He is a Fellow of the New Zealand Institute of Management and the New Zealand Computer Society. He is Chair of the Commonwealth Bank Foundation and a member of the NSW Premier’s Business Roundtable. He is former Chairman of the New Zealand Bankers’ Association and Business Roundtable. He was a member of the New Zealand Prime Minister’s Enterprise Council and Y2K Taskforce. Mr Norris was born in Auckland and educated at Lynfield College and is married with three adult children and three grandchildren.
| Organization | Position | Status |
|---|---|---|
| Commonwealth Bank of Australia | Chief Executive Officer & Managing Director | Current |
| The New Zealand Institute | Fellow, Institute of Management | Current |
| Commonwealth Bank of Australia | Board of Directors | Current |
| Asb, LLC | Chief Executive Officer | Former |
| Air New Zealand, Ltd. | Managing Director & Chief Executive Officer | Former |
| Air New Zealand, Ltd. | Board of Directors | Former |
| Fletcher Building Limited | Board of Directors | Former |
| Organization | Position | Status |
|---|---|---|
| Commonwealth Bank of Australia | Group Executive, Enterprise IT & Chief Information Officer | Current |
| Organization | Position | Status |
|---|---|---|
| Commonwealth Bank of Australia | Group Executive, Human Resources and Group Services | Current |
| Organization | Position | Status |
|---|---|---|
| Commonwealth Bank of Australia | Group Executive, Financial and Risk Management | Current |
| Commonwealth Bank of Australia | CFO | Former |
| Organization | Position | Status |
|---|---|---|
| Commonwealth Bank of Australia | Group Executive, International Financial Services | Current |
| Organization | Position | Status |
|---|---|---|
| Commonwealth Bank of Australia | Group Executive, Wealth Management | Current |
| Commonwealth Bank of Australia | Group Executive, Strategic Development | Former |
| Organization | Position | Status |
|---|---|---|
| Commonwealth Bank of Australia | General Counsel | Current |
| Commonwealth Bank of Australia | Group Executive, Legal Services | Current |
| Corporation Bank | Former | |
| Colonial Group Inc. | Former | |
| Colortone Audio-Visual Staging | Former | |
| St. George Bank Limited | Former |
| Organization | Position | Status |
|---|---|---|
| Commonwealth Bank of Australia | Group Executive, Premium Business Services | Current |
| National Australia Bank Limited | Chief Executive Officer | Former |
| Commonwealth Bank of Australia | Group Executive, Wealth Management | Former |
| Organization | Position | Status |
|---|---|---|
| Commonwealth Bank of Australia | Chairman | Current |
| Commonwealth Bank of Australia | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Commonwealth Bank of Australia | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Commonwealth Bank of Australia | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Commonwealth Bank of Australia | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Commonwealth Bank of Australia | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Commonwealth Bank of Australia | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Commonwealth Bank of Australia | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Commonwealth Bank of Australia | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Commonwealth Bank of Australia | Board of Directors | Current |
Executive News
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Commonwealth Bank Eyes Asia Acquisitions - CEO
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Commonwealth Bank CEO: Bank Business Growth May Slow Next 12 Months
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Bad debts lead Commonwealth Bank of Australia to 1 per cent drop in profits
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Bad debts lead Commonwealth Bank of Australia to 1 per cent drop in profits
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COMMONWEALTH BANK OF AUSTRALIA TO TWEAK RATES AS NECESSARY: CEO
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Commonwealth Bank of Australia's profit drops
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Commonwealth Bank CFO: Mid-Sized Business Feeling The Pinch
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UPDATE 1-CBA profit beats fcasts but cautious on bad debts
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Commonwealth Bank of Australia posts lower profit
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PRESS DIGEST-Australian General News - Aug 12
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Glass Door
Commonwealth Bank of Australia
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