Shuffle of senior positions is only the start

Former Aviva UK chief executive Patrick Snowball has restructured the management at Suncorp, the Australian financial institution he joined as chief executive last month.

Personal insurance boss Bernadette Inglis has been replaced by Mark Milliner, the current commercial insurance boss. Milliner has been replaced by Anthony Day.

Snowball is also expected to appoint a new chief financial officer, chief risk officer and head of human resources in the near future.