Snowball was very committed to SUN's diversified financial business model. I do find today's announcement intriguing given SUN's preference for an internal candidate (he has been on the board for 3 years) with historic focus on banking versus a truly external candidate with a broader financial resume. Cameron is very much a banker as opposed to an insurance guy. Could this be a signal that the board is going to re-investigate a split of the banking and insurance operations? With the Snowball and Grimshaw egos out of the way, could it mean BOQ gets tapped on the shoulder again in the next year or so to finally create that long cherished QLD Super Bank? Interesting times in the sunshine state.
News: GPT Group CEO to lead Suncorp Group, page-2
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