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 westpac banking corp. - All News and Analysis
Westpac ponders paying Palace a fortune.
- 2007-05-24
Byline: Lara Sinclair May 24, 2007 (The Australian - ABIX via COMTEX) -- New Westpac Banking head of marketing Susan Nixon is said to be carrying out a review of its advertising contract. It had signed an exclusive deal worth $A40m per year with...
Renters suffer as owners get smug.
- 2007-01-10
Byline: Jessica Irvine Jan 10, 2007 (The Sydney Morning Herald - ABIX via COMTEX) -- Consumer optimism is strong in Australia in January 2007. A survey by Westpac Banking found that consumer confidence increased by seven per cent, the highest level for 17...
Bank profits: little guide in a downturn.
- 2006-11-05
Byline: Andrew Cornell Nov 05, 2006 (The Australian Financial Review - ABIX via COMTEX) -- Australian banks performed well in 2005-06 but gave little guidance on sustainable performance. They need to identify the intangible differences between the banks and clearly execute their strategies....
When the market is climbing high, so are the stakes.
- 2006-11-05
Byline: Malcolm Maiden Nov 05, 2006 (The Age - ABIX via COMTEX) -- It seems few bargains are now available on the Australian sharemarket. Shares in Australia's four major banks National Australia Bank, Commonwealth Bank of Australia, ANZ Bank and Westpac Banking are...
Few bargains on offer in this market.
- 2006-11-05
Byline: Malcolm Maiden Nov 05, 2006 (The Sydney Morning Herald - ABIX via COMTEX) -- It seems few bargains are now available on the Australian sharemarket. Shares in Australia's four major banks National Australia Bank, Commonwealth Bank of Australia, ANZ Bank and Westpac Banking...
Westpac climbing back into good books.
- 2006-10-24
Byline: Brendan Swift Oct 24, 2006 (The Australian Financial Review - ABIX via COMTEX) -- Westpac Banking Corporation has improved its customer satisfaction ratings. Roy Morgan Research reported that Westpac gained 0.3 percentage points in September 2006 and 1.4 percentage points in the...
AFIC sees chances as investors get wary.
- 2006-07-26
Byline: Marc Moncrief Jul 26, 2006 (The West Australian - ABIX via COMTEX) -- Listed investment group Australian Foundation Investment Company AFIC has reported a 23% rise in net profit to $A214m. Takeovers were an important part of the improved result, with AFIC's...
Investors wary, says insto boss.
- 2006-07-26
Byline: Marc Moncrief Jul 26, 2006 (The Age - ABIX via COMTEX) -- Listed investment group Australian Foundation Investment Company AFIC has reported a 23% rise in net profit to $A214m. Takeovers were an important part of the improved result, with AFIC's stakes...
Banks close in on economic nirvana.
- 2006-05-04
Byline: Elizabeth Knight May 04, 2006 (The Sydney Morning Herald - ABIX via COMTEX) -- Australia's banking sector appears to be enjoying the best possible conditions imaginable. With very low unemployment and a booming economy, bad loans are only a minor issue, and...
Big bank mergers were on the cards.
- 2005-08-14
Byline: Chris Herde Aug 14, 2005 (Herald Sun - ABIX via COMTEX) -- Speculation about an easing of the "four pillars" policy prompted consolidation negotiations in the Australian banking...
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
-
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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Commonwealth Bank of Australia
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