CBA names Group Exec, International Financial Services

Commonwealth Bank Australia (CBA) has announced the appointment of Coen Jonker as group executive for international financial services, based in Hong Kong, effective 1 July 2017.

Jonker is currently a member of the bank's International Financial Services leadership team, with responsibility for digital transformation. He was previously the co-founder and CEO of the TYME technology company which CBA acquired in 2015.

With more than 23 years' experience in legal, financial and professional services, Jonker began his career in law, and became the CEO for Edward Nathan, Africa's largest law firm. In 2000 he joined the executive committee of Nedcor Investment Bank in South Africa. Later, in 2005 he joined Standard Bank as director of inclusive banking.

Commenting on his appointment, CBA CEO, Ian Narev, said: "Coen's insight into how digital technologies can transform the traditional retail and small business banking model was evident when he joined CBA. He has deep banking experience, as well as a track record as a fintech entrepreneur. In addition, he has demonstrated strong values, and shown himself to be an inclusive leader."

Jonker succeeds Rob Jesudason, who will commence his new role as CBA's chief financial officer from 1 July 2017.