Frank cicutto biography

Frank Cicutto

Australian business executive (–)

Frank Cicutto ( – 10 January ) was an Italian-born Australian business executive and banker. He was chief executive officer of National Australia Bank (NAB) between and

Early life

Cicutto was born in in Spilimbergo, Italy.[1] At the age of 2, his family migrated to Australia during the post-war migration wave from Europe, eventually settling in Leichhardt, New South Wales in the Inner West of Sydney.[1] Cicutto was educated at Benilde High School, Bankstown and St John's College, Lakemba.[2] He studied for a Bachelor of Commerce at the University of New South Wales.[1]

Cicutto played Sydney Grade Cricket for the Bankstown District Cricket Club and was club secretary from to [3][4][5] He later moved to Melbourne, where he coached for the Ringwood Cricket Club in Ringwood, Victoria.[1]

Career

Cicutto joined the National Australia Bank in as a year-old and was employed by NAB for 37 years, leaving as chief executive officer in [6]

He held multiple executive positions in the company, including executive vice president for the Americas in ,[7] chief executive officer of Clydesdale Bank from to and as chief general manager for Australian financial services from to [8][9] In , Cicutto was appointed to the board of directors as chief operating officer, before being elected chief executive officer the following year.[10] He resigned from National Australia Bank in , amid the controversial foreign currency trading scandal, which involved losses of A$ million covered up by NAB options traders.[11][12]

Cicutto was the chair of the Australian Bankers' Association from to [13] He also chaired property management company Run Corp from to , with his resignation resulting from the company having experienced heavy losses during the tenure.[14][15]

Personal life and death

Cicutto lived in Canterbury in Melbourne, Victoria.[16] He died on 10 January , following an illness.[17][18]

References

  1. ^ abcdKirby, James (15 March ). "Peasants' son nabs top spot". Australian Financial Review. Fairfax Media. Retrieved 13 January
  2. ^Abernethy, Mark. "Wizard of Oz". The Australian Financial Review. Retrieved 5 April
  3. ^Hughes, Anthony (17 January ). "Captain Survivor on a sticky wicket". The Sydney Morning Herald. Fairfax Media. Retrieved 13 January
  4. ^Rodgers, James (8 October ). "Bruce Wilcock". Sydney University Cricket Club. Sydney Uni Sport and Fitness. Retrieved 13 January
  5. ^Bankstown District Cricket Club. "Facebook post from 12 January ". Facebook. Retrieved 16 January
  6. ^"NAB's Frank Cicutto resigns". The Age. Australian Associated Press. 2 February Retrieved 19 December
  7. ^Mackenzie, Stuart (2 December ). "Nightmare on Bourke Street". Crikey. Private Media. Retrieved 13 January
  8. ^"New chief appointed by Clydesdale". The Herald. Herald & Times Group. 27 October Retrieved 13 January
  9. ^"Timeline on Frank Cicutto's 37 years with NAB". Australian Associated Press. 2 February
  10. ^Cornell, Andrew (13 April ). "NAB: Who Shrunk the Bank?". Australian Financial Review. Fairfax Media. Retrieved 13 January
  11. ^"NAB chief quits amid trading scandal". ABC News. Australian Broadcasting Corporation. 2 February Retrieved 13 January
  12. ^Long, Stephen (2 February ). "Frank Cicutto Resigns as NAB boss". ABC The World Today. Archived from the original on 11 May Retrieved 24 February
  13. ^O'Riordan, Ben (19 July ). "Clearing the airwaves: Laws on notice as bankers feud". Australian Financial Review. Fairfax Media. Retrieved 13 January
  14. ^Chessell, James (19 September ). "Not Frank as to who runs Run Corp". The Sydney Morning Herald. Fairfax Media. Retrieved 13 January
  15. ^Schneiders, Ben (20 February ). "Former NAB boss vacates the chair at troubled rent roll company". The Age. Fairfax Media. Retrieved 13 January
  16. ^Smiles, Jayitri (17 August ). "Melbourne's most powerful streets: Where our rich listers, celebs live". . News Corp Australia. Retrieved 13 January
  17. ^Kane, Annie (14 January ). "In Memoriam: Frank Cicutto –". The Adviser. Momentum Media. Retrieved 13 January
  18. ^"Statement On Passing Of Former NAB CEO Frank Cicutto". National Tribune. 12 January Retrieved 13 January

External links