Commbank exits as Comyn makes mark

Commonwealth-Bank-of-Australia/Matt-Comyn/exit/

28 March 2018
| By Staff |
image
image
expand image

Incoming Commonwealth Bank chief executive, Matt Comyn this week gave himself room to build his own senior executive team announcing the exit of three of the most experienced executives within current chief executive, Ian Narev’s team

Comyn announced that Melanie Laing, Group Executive Human Resources, Kelly Bayer Rosmarin, Group Executive Institutional Banking and Markets, and David Whiteing, Group Executive Enterprise Services and Chief Information Officer, would be leaving the Bank in the coming months.

The formal bank announcement said that the changes had been announced ahead of Comyn assuming his new role on 9 April.

The reasons for the exits were attributed to Narev who was quoted as stating: “Leadership transitions are inevitably a time of change in senior teams, as executives reassess their own plans, and the Bank prepares for its future. Today we are announcing the departure of three high calibre executives who have contributed significantly to CBA.”

The bank’s statement said Comyn had initiated the search processes for vacant positions and that the global search for his current position of Group Executive Retail Banking Services is progressing well.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

4 months 1 week ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

4 months 2 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

6 months 2 weeks ago

Commonwealth Bank has formally dropped to zero advisers following LGT Crestone’s acquisition of its advice arm – some six years on from the Hayne royal commission. ...

1 week 3 days ago

ASIC has banned a former NSW adviser from providing advice for 10 years for investing at least $14.8 million into a cryptocurrency-based scam. ...

3 days 16 hours ago

ASIC has issued a warning to financial advisers to ensure they are complying with client consent requirements when entering into ongoing fee arrangements....

1 week 2 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND
Fund name
3y(%)pa
1
DomaCom DFS Mortgage
92.15 3 y p.a(%)
3