A Financial Tale of Two Cities: Sydney and Melbourne's Remarkable Contest for Commercial Supremacy - Softcover
Synopsis
A Financial Tale of Two Cities describes the intense commercial rivalry between Sydney and Melbourne over a period of some 150 years. While Sydney was established nearly half a century before Melbourne, the great wealth generated by the Victorian goldfields soon ensured that Melbourne held an unassailable position as the continent's leading and richest centre of commerce. Melbourne retained this supremacy through the greater part of the twentieth century, but from the 1970s a dynamic environment in Sydney challenged Melbourne's financial dominance. It was clear by the end of the 1990s that Sydney had become Australia's largest financial centre. The story of this contest for commercial supremacy is largely based on Jim Bain's own long experience in the Australian financial-services industry, and particularly his exposure to the competition and often fierce rivalry that existed between the leading Melbourne- and Sydney-based banks, merchant banks, fund managers and stockbrokers. Bain focuses on the key roles played by several financial institutions - and certain key personalities - over many decades. The book includes some 70 photos of the main players in this remarkable tussle for top-financial-city status.
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About the Author
Jim Bain AM, now farmer and company director, retired stockbroker and banker, has enjoyed an illustrious career in Australian business; he is a doyen of Sydney's financial community, and has been one of its leading figures for more than 40 years. Employed at Bain & Company from 1947 to 1987 (and Senior Partner from 1972 to 1987), he was Chairman of Natwest Australia Bank 1985 - 91 and a Member of the Sydney Stock Exchange 1954 - 92, and its Chairman from 1983 to 1987. Bain was awarded membership of the Order of Australia in 1986, for services to commerce, and in May 2003 was awarded the Centenary Medal for service to Australian Society through the arts and business. Bain is the author of the autobiographical The Remarkable Roller Coaster, Forty Years in the Australian Finance Industry.
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A Financial Tale of Two Cities
Seller: Leura Books, Bowral, NSW, Australia
Seller rating 5 out of 5 stars
Softcover. Condition: Good. Describes the intense commercial rivalry between Sydney and Melbourne over a period of 150 years. While Sydney was established nearly 50 years before Melbourne, the great wealth generated by the Victorian goldfields soon gave Melbourne an unassailable position as the continent's richest center of commerce. The story of this contest for commercial supremacy is based on Jim Bain's own long experience in the Australian financial-services industry, and particularly his exposure to the competition and fierce rivalry that existed between the leading Melbourne- and Sydney-based banks, merchant banks, fund managers and stockbrokers. Bain focuses on the roles played by several financial institutionsâ"and key personalitiesâ"over many decades. 301 pages. Quantity Available: 1. Shipped Weight: Under 1 kilo. Category: Australian::Australian History; Australian History; Business,Finance,Economics. ISBN: 0868409634. ISBN/EAN: 9780868409634. Inventory No: 279321. Seller Inventory # 279321