Swanson quits CommInsure
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Simon Swanson has resigned as executive general manager of CommInsure.
Swanson has been with the Commonwealth Bank Group (CBA) for the past 10 years, and has acted as head of CommInsure since 2005, during which time he has presided over a successful period for the business.
Previously he held a number of overseas positions with Colonial, prior to its takeover by the bank. These included acting as chief operating officer of Colonial’s business in Fiji as well as a number of senior roles in Asia with the former life company.
A spokesperson for CBA confirmed that Swanson would be leaving the bank to pursue opportunities outside the group.
Swanson told Money Management he was planning to take some personal leave before looking at other employment opportunities.
Swanson will be replaced by Paul Rayson, who is currently the chief financial officer for CBA's wealth management operations, which includes CommInsure and the Colonial First State group.
A statement from the bank said Rayson's appointment to the role would be effective from today.
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