Banking News

CBA head of business and private banking announces resignation

CBA head of business and private banking announces resignation

(13 November 2019 – Australia) Adam Bennett, group executive business and private banking at Commonwealth Bank of Australia has today announced his departure from the Group at the end of January 2020.

After 15 years with the Bank, Mr Bennett has decided to pursue opportunities elsewhere.

From early February 2020, Mike Vacy-Lyle will join the Bank as the Group Executive Business and Private Banking, subject to meeting regulatory requirements.

Mr Vacy-Lyle is currently Chief Executive Officer of FNB Commercial Banking, a division of the FirstRand Banking Group in South Africa. In this role, he has led the largest commercial bank in Africa, overseeing 6,000 staff to provide full service banking to business segments, including government and agriculture, across all transactional banking, international banking, lending, investing, insurance and advisory services.

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