Five banks given responsibility

Five banks given responsibility of the A$7 billion IPO

The government of Queensland has picked up five investment banks to manage the public offering of QR National. The total worth of the IPO is expected to be close to A$7 billion.
Credit Suisse, Goldman Sachs, JBWere, Merrill Lynch, RBS and UBS are going to the ones, said the treasurer secretary of Queensland, Andrew Fraser.
QR is into the business of coal, freight and infrastructure servicing. The announcement that it would go public came on December 8.

A Banker appointed as Chief of Australia Post

A banker has been appointed as chief executive of Australia Post. The Government owned mail service has appointed Ahmed Fahour, Former National Australia Bank chief, as chief executive of Australia Post. This was done after a long international search of four months.
Mr Fahour, who headed NAB's Australian business, was also a member of the prime minister's Social Inclusion Board and a trustee of the Melbourne Cricket Ground. He also held some senior roles with Citigroup, Boston Consulting Group and most recently Gulf Finance House.