The Commonwealth Bank’s group executive, Wealth Management, Annabel Spring is leaving the business.
Spring’s departure has been announced to the Australian Securities Exchange (ASX) with the bank’s chief executive, Ian Narev saying that she had decided to leave the group in December.
“Annabel will continue to lead the wealth management businesses, the divestitutre and the strategic review until the end of this year,” he said.
“Michael Venter, currently the Chief Financial Officer of International Financial Services and formerly Group Deputy Chief Financial Officer and Chief Officer of Wealth Management has been appointed Chief Operating Officer of Wealth Management with immediate effect,” Narev said.
He said Venter would represent Wealth management at the Group Executive Committee following Spring’s departure.