, Allaway said he believed the global banking jitters were contained for now, as he emphasised the strength of Australia’s industry.Allaway, who was chairman of BoQ, last year stepped into the temporary role of executive chairman after the bank’s shock decision toBut on Monday, BoQ said Allaway would now be the CEO until December next year, which would give the lender more time to run a wider search for long-term CEO. Warwick Negus, a BoQ director since 2016, is the bank’s new chairman.
Some analysts have said regional banks such as BoQ would be disadvantaged by the recent market jitters in banking, saying customers may shift their deposits to larger institutions such as the big four. Allaway also sought to highlight the tighter regulation of Australian banks and their conservative capital and liquidity positions.