A former Liberal finance minister will represent the country's banks after being appointed chief executive office of the Australian Banking Association.
After almost two decades in politics, Simon Birmingham announced his retirement from parliament at the end of 2024 for a role at banking giant ANZ.
On Friday, it was revealed he would shuffle jobs once again to lead the banking lobby group from August.
"I will always put trust in Australia's banking system first, pursue a competitive regulatory environment, and work to ensure innovation in banking strengthens Australia's financial interests," Mr Birmingham said in a statement.
"A strong, healthy, customer-focused financial services sector is vital for all Australians."
The association's members include all of the big four banks and 16 other regional and international institutions.
Treasurer Jim Chalmers welcomed Mr Birmingham's announcement.
"The Australian Banking Association is fortunate to be bringing in someone of Simon Birmingham's calibre as its new CEO," he said.
"I'm looking forward to engaging with him on the big issues shaping Australia's banking sector."
Senator Birmingham entered parliament in 2007 and served as trade, finance and education ministers in coalition governments under Malcolm Turnbull and Scott Morrison.
ABA Chair and National Australia Bank CEO Andrew Irvine said Mr Birmingham's ability to navigate difficult and complex environments made him ideal for his new role.
"He will be a sensible, consistent and respected voice on behalf of the industry," Mr Irvine said.
