CBA appoints head of global markets research MD

CBA appoints head of global markets research MD

The Commonwealth Bank has appointed a former Colonial First State Global Asset Management chief economist to the role of managing director, head of global markets research.

Stephen Halmarick steps into the role with over three decades’ experience in financial markets and more than eight years as chief economist and general manager, economic and market research at CFSGAM, according to a statement.

Prior to that, he was co-head of economic and market analysis at Citigroup Australia for nearly 15 years from 1994.

Commenting on the appointment, CBA executive general manager, global markets Andrew Hinchliff said Mr Halmarick was “highly respected” and expressed “delight” at having him join the team.

“Stephen’s extensive experience and established relationships across the Australian and international client and investor base elevate our existing research function and will drive a more customer-friendly digital distribution capability,” Mr Hinchliff said.

Mr Halmarick also has considerable board experience, having held the position of chairman at industry body Australian Business Economists from 2008 to 2017.

He also currently serves as a director of CBA Group’s superannuation board.

Mr Halmarick has already begun in the new job that will see him cover economics, fixed income and rates, foreign exchange, credit, and commodities.

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