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Kevin Davis, Emeritus Professor of Finance, The University of Melbourne

An insider once in charge of failing banks lifts the lid on banking

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Harrison Young has had a long and distinguished international career in banking and finance. He started in senior executive roles in major United States banks, then became a US financial regulator, with responsibility for the resolution of failing banks. He was also a director of the Commonwealth Bank of Australia for ten years, and was on the court of directors of the Bank of England.

His book, Prudence and Ambition, is part autobiography, part guidebook for those contemplating a career in banking. It cleverly weaves narrative about the author’s long, distinguished banking and finance career with insights about bank management and governance. Young is exceptionally well placed to provide insights into important issues in banking – and it shows.

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