State Street Bank and Trust Company has appointed Louise Clarke as its Sydney branch manager.
Clarke will report to Ian Martin, who heads State Street's global services and global markets business in Australia.
"Louise was part of the original team that helped establish State Street Bank and Trust Company in 1994 as the first US bank to be given an Australian branch licence," Martin said.
"She is the ideal candidate to take on this role at a time of increased regulatory standards and governance."
Clarke's role includes oversight of branch governance arrangements, liquidity and financial position, and risk management.
Large superannuation accounts may need to find funds outside their accounts or take the extreme step of selling non-liquid assets under the proposed $3 million super tax legislation, according to new analysis from ANU.
Economists have been left scrambling to recalibrate after the Reserve Bank wrong-footed markets on Tuesday, holding the cash rate steady despite widespread expectations of a cut.
A new Roy Morgan report has found retail super funds had the largest increase in customer satisfaction in the last year, but its record-high rating still lags other super categories.
In a sharp rebuke to market expectations, the Reserve Bank held the cash rate steady at 3.85 per cent on Tuesday, defying near-unanimous forecasts of a cut and signalling a more cautious approach to further easing.