CBA appoints Group Executive Institutional Banking and Markets as part of executive team shake-up
The Commonwealth Bank of Australia (CBA) has announced the appointment of Andrew Hinchliff as group executive institutional banking and markets, effective August 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.
Hinchliff joined CBA in 2015 as executive general manager global markets after more than 15 years in global institutional banking and markets roles with Goldman Sachs, and earlier at Credit Suisse First Boston.
In his new role, Hinchliff will be responsible for leading the banking and global markets divisions servicing CBA's institutional clients.
He succeeds former group executive institutional banking and markets, Kelly Bayer Rosmarin, 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; a href="https://industrymoves.com/moves/cba-appoints-chief-information-officer-as-part-of-executive-team-shake-up">Pascal Boillat, as group executive enterprise services and chief information officer; Sian Lewis, as group executive human resources; 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.
