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Executive shake-up

Today

CBA CEO Matt Comyn and his outgoing deputy David Cohen

Comyn loses his deputy; No ship to Red Sea; Inside the secret CEO school

Read everything that’s happened in the news so far today.

  • 26 mins ago

CBA’s Matt Comyn loses his right-hand man, the meticulous David Cohen

Over 15 years at the bank, David Cohen has seen it all. On his retirement, he provides a potted history of CBA’s numerous troubles and its transformation.

  • James Eyers

This Month

David Anderson will move to Brisbane to lead ART.

Industry super giant nabs new CEO from London

Retail super veteran David Anderson will join the Australian Retirement Trust after 35-plus years at Mercer and AMP from March.

  • Hannah Wootton
Bernard Looney was formally sacked effective from December 13 after a board inquiry into his conduct.

This CEO is paying a $62m price for misleading his board

BP’s former chief executive, Bernard Looney, was formally sacked after the oil giant found he knowingly misled the board over his relationships with staff.

  • Updated
  • Matt Oliver
Incoming Westpac chairman Steven Greg.

New Westpac chair takes the reins

He’s been the chairman of Goodman Fielder, Tabcorp and The Lottery Corporation. Now the businessman is taking on his highest-profile board position.

  • Lucas Baird
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Ed Emerson is paid more than Goldman Sachs CEO David Solomon (pictured).

Goldman’s $152m man to step down – and it’s not David Solomon

Ed Emerson, the head of the investment bank’s commodities business, was paid $US100 million over the past three years, over $30 million more than the CEO over the same period.

  • Updated
  • Sridhar Natarajan
Brian Hartzer is the new Quantium Health CEO.

Hartzer joins Woolworths’ Quantium Health as CEO

Former Westpac boss Brian Hartzer has taken the reins at data analytics player Quantium Health.

  • Lucas Baird
Guzman y Gomez – which is also backed by Barrenjoey Capital Partners and Aware Super – is considering an ASX listing.

Guzman y Gomez appoints Kmart and Target executive as new CFO

Backed by TDM Growth Partners, Barrenjoey and Aware Super, the company is attempting to end a period of leadership instability ahead of an ASX listing.

  • Primrose Riordan
Sarah Hunter has been appointed RBA assistant governor.

New RBA assistant governor is outsider Sarah Hunter

Treasury official Sarah Hunter has been appointed chief economist and assistant governor at the Reserve Bank in a further refresh of its leadership team.

  • John Kehoe

November

Top Morgan Stanley banker Emma-Jane Newton is off to lead Deutsche Bank’s Aussie business.

Deutsche recruits new investment banking head from rival

And there should be plenty of talent for her to choose from as she builds a team, given the lay-offs at some of the other big banks around town.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Newly-appointed RBA deputy governor Andrew Hauser.

Why Chalmers wanted an outsider at the RBA, and overlooked an insider

The appointment for the first time of a foreigner to deputy governor reflects Treasurer Jim Chalmers’ desire for an outsider to help overhaul the central bank.

  • John Kehoe
Endeavour shareholder and former Woolworths chief Roger Corbett called on chairman Peter Hearl to resign.

Endeavour spat: Major shareholders move against chairman Peter Hearl

Street Talk understands Aussie equities power duo AustralianSuper’s Shaun Manuell and Perpetual’s Vince Pezzullo are teaming up again.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Dan Loeb says single stock short selling has become much harder.

How activist Dan Loeb became a Wall Street icon

Even in a room of people who know how to grease the wheels that make the markets go around, it’s hard not to love a bomb-thrower.

  • Updated
  • Anthony Macdonald
Adam Handley, Minters’ former WA managing partner, is set to join HFW

MinterEllison partners leave in rival firm raid

Adam Handley is among five top lawyers to be poached by HFW, which is trying to cash in on mining and resources deals in Western Australia and China.

  • Maxim Shanahan
BoQ chief executive Patrick Allaway.

BoQ hit by fifth executive departure in a year

Martine Jager’s exit from the bank, where she was chief people and customer officer, was announced to staff on Friday.

  • Liam Walsh
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October

Healius shares rose sharply during the COVID-19 pandemic. They are now at their lowest level in more than 20 years.

Struggling Healius backs former PE suitor’s bid for board seat

The pathology and radiology group will back a shock new director in a move that shows its investors getting more involved.

  • Anthony Macdonald
Endeavour Group chairman Peter Hearl.

Endeavour Group peace only comes with a scalp – the chairman’s

The hotels and pub group’s board will have the numbers at its AGM next week. But chairman Peter Hearl has two choices: claim a fleeting victory or read the room.

  • Anthony Macdonald
Bendigo Bank said it will pursue organic growth in Queensland.

New Bendigo chairman not giving up on Queensland dream

David Foster, a former boss of Suncorp Bank, has taken the chairman’s seat at Bendigo and Adelaide Bank, and remains keen to grow in regional Queensland.

  • James Eyers
David Thodey will face demands from RHC shareholders to focus on Australian operations.

Why Ramsay investors want Thodey to split it up

David Thodey is a potential catalyst for change at Ramsay Health Care. Will he make it happen?

  • Updated
  • Anthony Macdonald
Steven Gregg will retire from his director role at up-start financial services player Challenger Limited and has announced plans to retire as chairman of the Lottery Corporation.

Steven Gregg to succeed Westpac chairman McFarlane

The chairman of Ampol will take the top board seat at Westpac from next month and will be leaving his post as chairman of Lottery Corp.

  • Lucas Baird