CBA announces CFO appointment
(24 March 2017 – Australia) Commonwealth Bank of Australia (CBA) has announced that current CFO David Craig who is retiring after a decade in the role, will be replaced by Rob Jesudason.
Since 2014, Jesudason has been in the role of group executive for international financial services at CBA. He joined the bank three years prior to that as head of strategy, from Credit Suisse.
Narev and Jesudason worked closely together during the CBA acquisition of Bankwest in 2008; Narev led that deal internally, while Jesudason advised CBA in his role at Credit Suisse, where he ran the financial institution's coverage teams across Asia, Europe, the Middle East and Latin America. Jesudason has had tenures at various financial institutions including JPMorgan, Barclays, GE Capital and McKinsey.
CBA's head of retail Matt Comyn and head of institutional banking and markets Kelly Bayer Rosmarin had also been mentioned as possible successors to Mr Craig. CBA said the appointment of Jesudason followed a global search.
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