Mr Macintyre further said there was an obvious contrast between the way in which Mr Bannon, who died in December, stayed in office and took responsibility, while Mr Marcus Clark resigned and left the state. He said there was a cautionary message in that due to the events that followed. University of Adelaide political commentator Clem Macintyre said Mr Marcus Clark took the reins of a very conservative institution and introduced radical changes and techniques. "He was a successful figure head for a very successful operation but that unfortunately went bad." "Yes he did a lot of good things, I think, for the bank but I guess he won't be remembered by most people for the good things he did," Mr Anderson said. He said that despite his involvement with the bank's downfall, Mr Marcus Clark was a personable man and a good client.
The family has not commented directly to media.įormer judge Tim Anderson who represented Mr Marcus Clark during the royal commission said he would likely be remembered for his failings, rather than any achievements he might have made. Mr Marcus Clark died last month but his passing has only just been revealed publicly by one of his daughters on social media, who also said her brother had died in the same week. It resulted in higher unemployment, crippled the economy with long-lasting effect, and sparked a long-running royal commission and the resignation of premier John Bannon.
Mr Marcus Clark was in charge of the bank when it collapsed in 1991, leaving the state with debts of about $3 billion, a figure some argue is even higher.
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