CBA appoints Chief Information Officer as part of executive team shake-up

The Commonwealth Bank of Australia (CBA) has announced the appointment of Pascal Boillat as group executive enterprise services and chief information officer, effective October 1, as one of six new appointments and executive leadership team changes, which the bank says is a key step in earning the trust of its customers.

In his new role, Boillat will have responsibility for all technology and operations across the bank, and will deliver CBA's future technology and operations strategy, including data management, enabling innovation, strengthening risk controls and simplifying the business.

Boillat has more than 30 years' industry experience, most recently gained at Deutsche Bank where he was global group chief information officer. Prior to this, he was head of operations and technology for Fannie Mae, and before that worked at Citi.

He succeeds former group executive enterprise services and chief information officer, David Whiteing, who departed the role in April 2018.

The other new executive leadership team (ELT) appointees are: Nigel Williams, as chief risk officer; David Cohen, as deputy chief executive officer; Sian Lewis, as group executive human resources; Andrew Hinchliff, as group executive institutional banking and markets; and Angus Sullivan, as group executive retail banking services.

CBA chief executive officer, Matt Comyn, said: "All other roles on my leadership team remain unchanged. We are still completing the search process for the final ELT 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."

CBA has also announced it will demerge its wealth management and mortgage broking businesses, and undertake a strategic review of its general insurance business, including a potential sale.