As an organization develops, it establishes among many things a sense of structure. In this; depending on its purpose of existence and how it executes processes to achieve its goals, it attempts to structure its staff and departments to optimize resource utilization and maximize profits. Simply put, it's the way the company is organized to get work done. However, as a generally evident trend, companies are changing over the years and, as Craig A. Stevens (1995) argues, "There may not even be one correct organizational structure in each company. Chances are, if all the divisions look alike the organizational chart you have a problem. "Organizational Structure of Australian Banks The first bank to be established in Australia was the Bank of New South Wales, founded in Sydney in 1817, with Edward Smith Hall as cashier and secretary until the 19th and early of the 20th century, the Bank grew rapidly to open branches throughout Australia and Oceania. From these humble beginnings, today, Australia's 4 largest banks: Commonwealth Bank of Australia, National Australia Bank, ANZ Banks and Westpac Banks, together hold approximately $1.9 trillion. in business on their domestic books and are reasonably large by international standards in terms of consolidated group assets, among the top 60 banks globally. In addition to the four main banks, the Australian banking system currently also consists of seven other Australian-owned banks and 43 foreign-owned banks operating as branches and/or locally incorporated subsidiaries. While the assets of the 4 major banks grew by approximately 1.7 times from 1990 to 2010. During the same period, the assets of commercial banks grew by 1.2 times, the assets of non-bank branches grew by more than 3.0 times... middle of paper... ....provide the structure, infrastructure and support that operational groups need to run their business. These are the Business Operations, Financial Management, Legal & Governance, and Risk Management groups. In addition to their banking activities, many Australian-owned banking groups (including the big four banks) have significant fund management operations in Australia and, to a lesser extent, overseas. Two Australian-owned banks, Suncorp Bank and AMP Bank, belong to financial groups that generate more revenue from insurance and fund management activities than from banking. Macquarie Bank – the sixth largest Australian-owned bank by assets in the domestic banking sector – predominantly conducts investment banking activities, generating approximately two-thirds of its net operating income from trading income and fees and commissions..