Briefs: Rubik CEO departs after a year, banks to cut more jobs in 2015, majors lobby over capital 23 January 2015 4:59PM Bernard Kellerman Briefs, Rubik Financial, which supplies software to the banking, mortgage broking and financial planning industries, has appointed its second chief executive in 12 months. Yesterday, the company announced that Iain Dunstan, currently managing director of the company's wealth division, would take over as interim CEO following the departure of Niek Hoogenhout. Coming out of a consulting background, Hoogenhout was appointed CEO in February last year. Rubik has been growing by acquisition over the past few years and last year's results suggest that it might be having trouble bedding down its acquisitions. It made an underlying loss of A$300,000 for the year to June but was able to declare a profit after recognising a one-off deferred tax asset. According to a quarterly Bloomberg Global Poll, 83 per cent of respondents say that the banking industry will continue cutting jobs this year. The other 61 per cent say that the reductions will affect firms around the world, 21 per cent say that most cuts will be in Europe and one per cent say cuts will be concentrated in the U.S. "Sharp market moves, slow economic recovery, the regulatory burden, all these are restricting banks' operations," said poll respondent Daniel Baker, a London-based analyst at Informa Global Markets. "We'll see more job cuts in the sector until things stabilise." The major banks are lobbying Treasurer Joe Hockey in a bid to stop or delay implementation of what they view as "some of the more objectionable recommendations of the Murray inquiry", the AFR has reported. In particular, the banks are opposed to the Murray inquiry's recommendations that Australian banks should be required to bolster their capital levels so that they rank in the top quartile of global banks. The banks will argue Canberra should delay any decisions on bank capital until global banking regulators finalise a major international review of bank capital levels later this year.