Commonwealth Bank of Australia (CBA) executive general manager of private client services Edward Tait has retired and will leave the group on 10 April.
Tait joined the group in 2006 with a mandate to drive change in the private client services business and position it for long-term sustainable growth, a CBA statement said.
Commonwealth Private Bank general manager Richard Nunn left the group in March for a newly-created role at rival National Australia Bank’s (NAB) wealth management business, MLC & NAB Wealth.
Nunn was appointed executive general manager of advice and marketing, a newly-formed division within MLC & NAB Wealth, which will be responsible for MLC’s financial advice businesses and marketing strategy.
Commonwealth Bank has appointed Adrian Hondros to act as Nunn’s replacement until the role has been filled permanently.
Hondros was most recently chief executive of insurance group St Andrew’s Australia, which was acquired by CBA as part of its $2.1 acquisition of Bankwest last October.
