Bede Callaghan

Callaghan was born in Wickham, New South Wales, to Amy Mabel (née Ryan) and Stanislaus Kostka Callaghan. He grew up in Newcastle and attended Newcastle High School until the age of 14, when he began working as an office boy in a mining company.[1]

In 1927, aged 15, Callaghan began working at a Newcastle branch of the Commonwealth Bank. He moved to Cootamundra in 1934 and to Sydney in 1935, and thereafter progressed through the ranks of the company. In 1952, he moved to England to become assistant manager of the bank's London office. From 1954 he lived in Washington, D.C., as the bank's representative on the boards of the International Monetary Fund and International Bank for Reconstruction and Development. Callaghan returned to Australia in 1960 to become manager of the Commonwealth Development Bank. In May 1965, he succeeded Ernest Biggs Richardson as managing director of the Commonwealth Banking Corporation, a position he held until 1976. He was also president of the Bankers' Institute of Australasia from 1972 to 1974.[1]

In 1966, Callaghan was appointed to the inaugural council of the University of Newcastle, located in his home town.[1] He was made deputy chancellor in 1973, and finally served as chancellor from 1977 to 1988. After his retirement the suburb of Callaghan, containing the university, was named in his honour.[2]

Callaghan was appointed a Commander of the Order of the British Empire (CBE) in 1968.[3] He was knighted in 1976 for services to banking.[4]

Callaghan married Mary (Mollie) Brewer in 1940. His three daughters include Kathryn Greiner, who was married to Nick Greiner, premier of New South Wales.[1]