David Murray joined the Commonwealth Bank of Australia in 1966, was appointed Chief Executive Officer in June 1992, and retired from this position in 2005. In his 13 years as CEO, the Commonwealth Bank transformed from a partly privatized government owned bank to an integrated financial services company. In the process it generated total shareholder returns (including gross dividend reinvestment) at a compound annual growth rate of over 24 per cent.
In November 2005 the Australian Government announced that David would be Chairman of the Australian Future Fund. The Fund's objective is to invest budget surpluses to meet the long-term pension liabilities of government employees and take the pressure off the budget from aging of the population. His statutory term ended in April 2012.
David is a Senior Advisor of Credit Suisse, based in Sydney. He is a member of the Oliver Wyman Senior Advisory Board. He is also a Consultant to Olbia Pty Ltd. He holds a Bachelor of Business from the NSW Institute of Technology and a Master of Business Administration from Macquarie University. Additionally, David has been awarded honorary doctorates by both the University of Technology Sydney and the Macquarie University.
David is passionate about Australia's place in the World and the economic environment that makes Australia special. His leadership of the Commonwealth Bank gives him a unique perspective on both strategic and operational leadership, change management, winning cultures and the balancing of shareholders expectations with the need for fiscal responsibility. He is recognized for his meaningful analysis and insights into macroeconomics and their impact on the Australian business community and other sectors that make up the tapestry of Australia's commercial environment. David is an engaging speaker who is highly sought after in Australia and internationally.
