Carnivorous snails, big bike rides and football analogies abounded, but don’t be fooled – it was all serious stuff!
Brian Johnson is CLSA Asia-Pacific Markets’ director and senior bank analyst and is well known for his direct research, considerable insight and forthright delivery. He spoke of the ‘slow death of traditional banking’ and the specific challenges facing the sector.
Ninety members in Sydney and fifty members in Melbourne got to hear Brian outline what he called the ‘Ten blows to the traditional bank business model’ (the challenge lies in handling the volley, he said, rather than the individual punches) and his thoughts on the current strategies of Australian banks and their prospects.
Of course, lots more was said, but the only way to really find out what happens at these events is to turn up, as all RMA events are run under Chatham House rules (this means that in the interest of encouraging lively dialogue, little can be publicly reported after the event). That said, we are delighted to report that over 70 percent of participants said the information presented by Brian Johnson was new to them, with 80 percent indicating the event was better than expected.
The opportunity for discussion and engagement with our speakers is also an important part of all RMA events, and in both Sydney and Melbourne moderator Per Amundsen lead spritely panel debates. Per was joined in Sydney by panelists Hugh Harley, Financial Services Leader, PwC and Guy Harding, Chief Risk Officer Business and Private Banking at CBA, and in Melbourne by Paul Lichtenstein, Partner, KPMG and David O'Brien, Head of Secured Lending, ANZ.
Visit the RMA website regularly for information on future RMA events.
ABOVE: Brian Johnson with Per Amundsen at the Sydney event.
ABOVE: Paul Harper and Hugh Harley
ABOVE: Elizabeth Sheedy and Graeme Alexander