In 1985, with new business partner Geoff Morgan, recruitment company Morgan & Banks was founded. Morgan & Banks grew to command 17 percent market share in Australia and Asia, with sales over A$850m; it went public in 1995. In 1999, Morgan & Banks merged with TMP/Monster a US-listed NASDAQ company. Banks spent three years in New York with TMP Worldwide as Global Director, responsible for over 50 acquisitions and 4,500 staff operating in 32 countries, before returning to Sydney in 2002.
