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 ing group - All News and Analysis
Interest grows in fertiliser.
Byline: Peter Wells Jul 16, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Institutional investors were active in the Australian sharemarket in mid-July 2007. Colonial First State has trimmed its stakes in Qantas, James Hardie Industries and Asciano, amongst others, while...
All agree: 2007 has to be a super year.
Byline: David Potts Jan 16, 2007 (The Australian Financial Review - ABIX via COMTEX) -- Tom Murphy of Deutsche Bank claims that new superannuation rules are almost a "gift to the rich" people of Australia. The new rules remove the tax on payouts...
All quiet on the home loan front but deposit rate rise is ominous.
Byline: Tim Blue Nov 08, 2006 (The Australian - ABIX via COMTEX) -- Australia's banks kept their counsel about home loan interest rates on 8 November 2006, after the official cash rate went up. ING Direct and BankWest announced that they were increasing...
The big gets bigger.
Byline: Barrie Dunstan Oct 03, 2006 (AFR Smart Investor - ABIX via COMTEX) -- The Australian retail managed fund market is dominated by the big companies. The top 10 retail fund providers are: Commonwealth/Colonial, with $A73 billion in funds under management in March...
AMP leads battle for employer super.
Byline: Eric Johnston Feb 06, 2006 (The Australian Financial Review - ABIX via COMTEX) -- MLC is performing very well in the Australian superannuation fund management sector. With $A713bn...
D-day today for CBA's new man at the top.
Byline: Kevin Foley Sep 22, 2005 (The Age - ABIX via COMTEX) -- The new Commonwealth Bank of Australia CBA CEO faces mortgage sales and new rivals as ...
Banks slash rates in lending war.
Jul 04, 2005 (The Australian Financial Review - ABIX via COMTEX) Australia's biggest banks are facing intense competition from foreign players. It has forced them to cut interest rates on home loans and increase rates on certain deposits.Analysts believe that the intense competition could...
Bank bid to lure savers.
Jun 05, 2005 (Herald Sun - ABIX via COMTEX) On 6 June 2005 the Commonwealth Bank of Australia CBA is launching an online savings account. "NetBank Saver" offers 5.4 interest for savings over $A5,000, and is fee- free. The launch aims to increase CBA's...
Choice watch on in-house bias.(Brief Article)
May 03, 2005 (The Australian Financial Review - ABIX via COMTEX) The introduction of superannuation choice laws may have implications for Australian multi-managers. Some multi-managers invest in funds which are managed in-house. This does not necessarily mean returns will be lower, however it raises...
Bank vows to take up home-loan fight.(Brief Article)
May 03, 2005 (The Australian Financial Review - ABIX via COMTEX) Australian bank St George has indicated that it will become more aggressive in home lending in the next half-year. It was behind the likes of ANZ, the Commonwealth Bank of Australia and ING in...
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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