(15 September 2016 – Australia) Bankwest, Commonwealth Bank of Australia’s (CBA) Western Australia-based subsidiary, has announced that its chief executive, Rob De Luca has resigned.
According to CBA chief executive Ian Narev, De Luca will be stepping down before the end of the year, ending 16 years with the bank, and his role as managing director since 2012.
“The strength of Bankwest and the quality of its talent give me the opportunity to start a new phase in my career,” De Luca said in a statement.
“Bankwest has performed very well under his leadership. We wish Rob all the very best as he pursues the next phase of his career,” Narev said, adding a replacement would be made in “due course”.
The bank’s latest earnings results showed a four percent fall in cash profits, totally A$763 million, the third weakest divisional performance following institutional and wealth management.