The demerger of CBA’s wealth management and mortgage broking businesses, announced this morning, will be overseen by CBA’s David Cohen in a number of executive changes made by chief executive Matt Comyn.
Mr Cohen will take on the new role of deputy chief executive (he is currently chief risk officer) as part of a raft of executive changes announced today.
As deputy chief executive, Mr Cohen will also be responsible for strengthening the group customer relations and customer advocate functions, leading the M&A team and assisting chief executive Matt Comyn.
Mr Cohen was previously general counsel at the bank, leading the company’s legal operations throughout a number of parliamentary inquiries and the commencement of the royal commission.
Nigel Williams, currently chief risk officer ANZ, will replace Mr Cohen as CBA group chief risk officer.
Separately, Pascal Boillat has been appointed group executive enterprise services and chief information officer; Sian Lewis has been appointed group executive human resources; Andrew Hinchliff has been named group executive institutional banking and markets; and Angus Sullivan will become group executive retail banking services (which will now include Bankwest).
Commenting on the appointments, Mr Comyn said: “All other roles on my leadership team remain unchanged. We are still completing the search process for the final executive leadership team position of chief financial officer, considering both internal and external candidates. We expect to be ready to make a permanent appointment after the full year results in August.”
