Internal insto head confirmed at CBA
(20 March 2009 – Australia) CBA has confirmed the appointment of Ian Saines as head of its Institutional banking division, after a recent restructure of the business bank.
With immediate effect, CBA announced the appointment of Ian Saines as Group Executive, Institutional Banking and Markets.
Chief Executive, Ralph Norris, said that Saines’ institutional and markets sector experienced, strong leadership capabilities and the performance he displayed in the role on an acting basis, demonstrated his suitability for the role.
Saines, who has been interim business unit head, was confirmed after an external search was conducted.
CBA announced in January 2009 that it will divide its business banking operations into two separate business units.
The restructure split the business bank into two business units based on customer segmentation. The first unit includes small to medium businesses, while the second caters for big businesses, from CBA’s existing Institutional Banking and Markets areas.
It is this second unit that Saines will now head up.
Saines has been with CBA since 2004 occupying senior roles in Institutional Banking and Markets. Prior to this, Saines held senior positions in Zurich Financial Services Group and Bankers Trust Australia Limited.
The restructure of the Premium Business Services division followed the departure of former group executive, Stuart Grimshaw, late last year. Ian Narev was appointed to head up the small business division, Business and Private Banking.
Chief Executive, Ralph Norris, said that Saines’ institutional and markets sector experienced, strong leadership capabilities and the performance he displayed in the role on an acting basis, demonstrated his suitability for the role.
Saines, who has been interim business unit head, was confirmed after an external search was conducted.
CBA announced in January 2009 that it will divide its business banking operations into two separate business units.
The restructure split the business bank into two business units based on customer segmentation. The first unit includes small to medium businesses, while the second caters for big businesses, from CBA’s existing Institutional Banking and Markets areas.
It is this second unit that Saines will now head up.
Saines has been with CBA since 2004 occupying senior roles in Institutional Banking and Markets. Prior to this, Saines held senior positions in Zurich Financial Services Group and Bankers Trust Australia Limited.
The restructure of the Premium Business Services division followed the departure of former group executive, Stuart Grimshaw, late last year. Ian Narev was appointed to head up the small business division, Business and Private Banking.
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