Powered by MOMENTUM MEDIA

CBA loses private banking head

— 1 minute read

The head of the bank’s private banking business will step down following the conclusion of an organisational restructure.

Marianne Perkovic

Marianne Perkovic will depart CBA following a decision to combine the private banking business with its retail banking services division. Investor Daily understands other members of the Commonwealth Private leadership will remain in their roles to ensure continuity for clients. 

“We can confirm that Marianne Perkovic will be leaving her position as [executive general manager] of Commonwealth Private, and will finish up with CBA in October,” a spokesperson told Investor Daily. “Marianne has been with CBA for more than 10 years, and been at the helm of Commonwealth Private since 2016.

Advertisement
Advertisement

“She has been instrumental in driving multiple improvements within the business to make it simpler and better for our private clients, and will leave it in a strong position when she leaves CBA later this year.”

Investor Daily understands that the move is intended to create better support for the bank’s private clients, whose needs are predominantly focused on home buying and deposits as well as financial advice. 

Ms Perkovic joined CBA as a general manager of distribution at Colonial First State in January 2010, and was executive general manager of financial advice before joining Commonwealth Private in 2016. Prior to CBA, she was at Count Financial Limited for 11 years, where she became the youngest appointed CEO of an ASX-listed company.

Ms Perkovic also fronted the royal commission, where she revealed that Count Financial had charged advice fees to deceased customers.

 

CBA loses private banking head
Marianne Perkovic
ID logo

related articles

  • Flexigroup appoints former NAB exec

    Flexigroup has appointed the former customer executive of NAB Private as its new chief financial officer. ...

  • Pinnacle names CFO

    Pinnacle Investment Management has picked a former EY executive to be its new chief financial officer. ...

  • Mathias Cormann to step down

    Australia’s longest-serving finance minister will leave politics at the end of the year, and says that he has “left nothing on the field...

promoted stories

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.