CBA appoints new group chief financial officer
Current Commonwealth Bank of Australia (CBA) group executive for international financial services, Rob Jesudason, is taking on the role of group chief financial officer, taking the baton from David Craig who will be retiring at the end of the financial year.
Jesadason had joined CBA in 2011 in the position of head of strategy, and had been based in Hong Kong since 2014 in his position as executive of international financial services.
CBA chief executive, Ian Narev, said the promotion of Jesadason came after a thorough search to fill Craig’s position.
“We are pleased to appoint Rob following a global search. He has made a strong contribution over more than five years at CBA,” he said.
“He has worked alongside financial institutions across the world, and has an acute sense of the rapidly moving economic, regulatory and competitive landscape.”
CBA had not yet announced a successor to the group executive of international financial services position.
Recommended for you
As the first quarter of 2024 comes to a close, Money Management looks back on the corporate regulator’s bans and AFSL cancellations in the financial advice sector.
Insignia Financial is holding ‘relatively steady’ onto its rank as Australia’s second-largest financial advice licensee after the Godfrey Pembroke exit but Count is hot on its heels.
Liberal senator Slade Brockman has said the government needs to have a “cold hard look” at the level of regulation in the financial advice space and the costs of running a business.
FAAA chief executive, Sarah Abood, has warned changes in the first tranche of the QAR legislation around advice fees documentation could create more work for advisers rather than less.