De Brito and McIlveen plus the Livingstone siblings: It's a family affair

The Commonwealth Bank's new chairman, Catherine Livingstone is the elder sister of Citi's Australian boss David Livingstone.
The Commonwealth Bank's new chairman, Catherine Livingstone is the elder sister of Citi's Australian boss David Livingstone. Peter Rae

If there's one thing newly-appointed editor-in-chief of news.com.au Kate de Brito and her yarn-breaking counterpart at Daily Mail Australia Luke McIlveen would never be guilty of, it would be burying the lead.

In news parlance, it's the practice of putting the most interesting part of any given story down at its bottom. Or ignoring it altogether.

Which is why neither of them would have missed the chance to remark that de Brito's appointment this week now pits her in direct competition with her life partner. Who happens to be McIlveen, with whom she shares a roof and the primary care of several offspring.

So now the editor of the country's market-leading online news offering (de Brito) will be pitched in daily battle against the pretender to the News Corp website's crown, the Daily Mail Australia. Sounds like a movie script.

Should make dinner time pretty interesting at their place...

A bit like Christmas at the Livingstones, given that the Commonwealth Bank's new chairman Catherine Livingstone is the sister of Citi's Australian boss David Livingstone. Big sister, for the record. 

The American behemoth and Australia's biggest company compete in institutional lending, fixed income and especially in retail banking. CBA's long out of advisory and, for what it's worth, when Ian Narev raised $5.1 billion in new equity last year (the Australian market's second biggest rights issue ever), he tapped UBS and Morgan Stanley as underwriters. So nothing in the stocking there for Livingstone the Younger.