CBA appoints group head of strategy
The Commonwealth Bank has announced the appointment of Annabel Spring as group head of strategy.
Spring’s most recent position was managing director, head of global strategy and execution for Morgan Stanley in New York.
She takes over from Ian Narev who was recently appointed to group executive business and private banking.
The group’s chief executive officer, Ralph Norris, said: “Annabel is a high calibre executive who brings significant financial services and strategic development experience, both within and outside of Australia to our strategy area.”
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
