Misplaced Pages

This is an old revision of this page, as edited by Jkaharper (talk | contribs) at 12:00, 13 January 2025. The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Frank Cicutto (c. 1950 – 10 January 2025) was an Italian-born Australian business executive and banker. He was chief executive officer of National Australia Bank (NAB) between 1999 and 2004.

Early life

Cicutto was born in Spilimbergo, Italy. 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. Cicutto was educated at Benilde High School, Bankstown and St John's College, Lakemba. He studied a Bachelor of Commerce at the University of New South Wales.

Cicutto played Sydney Grade Cricket for the Bankstown District Cricket Club and was club secretary from 1972 to 1976. He later moved to Melbourne, where he coached for the Ringwood Cricket Club in Ringwood, Victoria.

Career

Cicutto joined the National Australia Bank in 1967 as a 17-year-old and was employed by NAB for 37 years, leaving as chief executive officer in 2004.

He held multiple executive positions in the company, including executive vice president for Americas in 1988, chief executive officer of Clydesdale Bank from 1994 to 1996 and as chief general manager for Australian financial services from 1996 to 1998. In 1998, Cicutto was appointed to the board of directors as chief operating officer, before being elected chief executive officer the following year. He resigned from National Australia Bank in 2004, amid the controversial foreign currency trading scandal, which involved losses of A$360 million covered up by NAB options traders.

Cicutto was the chair of the Australian Bankers' Association from 1999 to 2001. He also chaired property management company Run Corp from 2005 to 2007, with his resignation resulting from the company having experienced heavy losses during the tenure.

Personal life and death

Cicutto lived in Canterbury in Melbourne, Victoria. He died on 10 January 2025.

References

1. ^ Kirby, James (15 March 1999). "Peasants' son nabs top spot". Australian Financial Review. Fairfax Media. Retrieved 13 January 2025.
2. Abernethy, Mark. "Wizard of Oz". The Australian Financial Review. Retrieved 5 April 2024.
3. Hughes, Anthony (17 January 2004). "Captain Survivor on a sticky wicket". The Sydney Morning Herald. Fairfax Media. Retrieved 13 January 2025.
4. Rodgers, James (8 October 2024). "Bruce Wilcock". Sydney University Cricket Club. Sydney Uni Sport and Fitness. Retrieved 13 January 2025.
5. https://www.facebook.com/BankstownDistrictCricketClub/posts/pfbid02eDA3hzfDt8KLGNfVTSffsDqcjpDt5enw4q1mvKDoBSyXoAMNk4ea3hNuhxcrJJ5Tl
6. "NAB's Frank Cicutto resigns". The Age. Australian Associated Press. 2 February 2004. Retrieved 19 December 2012.
7. Mackenzie, Stuart (2 December 2001). "Nightmare on Bourke Street". Crikey. Private Media. Retrieved 13 January 2025.
8. "New chief appointed by Clydesdale". The Herald. Herald & Times Group. 27 October 1995. Retrieved 13 January 2025.
9. "Timeline on Frank Cicutto's 37 years with NAB". Australian Associated Press. 2 February 2004.
10. Cornell, Andrew (13 April 2002). "NAB: Who Shrunk the Bank?". Australian Financial Review. Fairfax Media. Retrieved 13 January 2025.
11. "NAB chief quits amid trading scandal". ABC News. Australian Broadcasting Corporation. 2 February 2004. Retrieved 13 January 2025.
12. Long, Stephen (2 February 2004). "Frank Cicutto Resigns as NAB boss". ABC The World Today. Archived from the original on 11 May 2017. Retrieved 24 February 2017.
13. O'Riordan, Ben (19 July 1999). "Clearing the airwaves: Laws on notice as bankers feud". Australian Financial Review. Fairfax Media. Retrieved 13 January 2025.
14. Chessell, James (19 September 2005). "Not Frank as to who runs Run Corp". The Sydney Morning Herald. Fairfax Media. Retrieved 13 January 2025.
15. Schneiders, Ben (20 February 2007). "Former NAB boss vacates the chair at troubled rent roll company". The Age. Fairfax Media. Retrieved 13 January 2025.
16. Smiles, Jayitri (17 August 2020). "Melbourne's most powerful streets: Where our rich listers, celebs live". realestate.com.au. News Corp Australia. Retrieved 13 January 2025.
17. "Statement On Passing Of Former NAB CEO Frank Cicutto". National Tribune. 12 January 2025. Retrieved 13 January 2025.

• 20th century births
• 2025 deaths
• Italian bankers
• Australian bankers
• Italian expatriates in Australia
• University of New South Wales alumni