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"The only exception to that rule isChris Mackay andHamish (Douglas) at Magellan but they are pretty unique.

"Comparing this CFO toCraig Drummond isn't the same. He was one of the top rated and best bank analysts for 20 years then ran JB Were and Merrills. A pure investment banker is vastly different,"he said.

Drummond lasted just over two years as NAB's CFO before upgrading to theCEO role at Medibank this year.

Aitken says British clients in particular were amazed that the ANZ hire was an investment banker whose last major deal was advising Slater&Gordon on buying Quindell assets last year for $1.3 billion.

Slater&Gordon and Shine have lost 90 and 80 per cent of their share market value in 12 months. — Slater& Gordon and Shine have lost 90 and 80 per cent of their share market value in 12 months.

These assets,which nearly busted the ASX-listed legal firm,are now worthless.

ANZ appears to the only one of the Big Four banks to escape the carnage.

Westpac and NAB provided the initial debt for the Quindell acquisition,and the Commonwealth Bank owned up to its troubled exposure to the law firm this month.

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