Managing Director departs Bankwest

The Commonwealth Bank of Australia (CBA) has announced the resignation of Bankwest's managing director, Rob De Luca, who will leave the group at the end of the 2016.

De Luca has joined the Commonwealth Bank Group in 2000 and during that time he has occupied several senior executive positions in Perth, Sydney and Auckland. He was appointed managing director of Bankwest in April 2012.

Under his leadership, Bankwest has continued its successful transition since Commonwealth Bank acquired it in 2008.

Commenting on his departure, CEO Ian Narev said: "We greatly appreciate Rob's contribution to the CBA Group over 16 years. Bankwest has performed very well under his leadership. We wish Rob all the very best as he pursues the next phase of his career."

De Luca added: "It has been a privilege to have played a role in the Group since 2000. I have witnessed CBA continue to set and achieve even higher standards. The strength of Bankwest and the quality of its talent give me the opportunity to start a new phase in my career."

He will be replaced by Rowan Munchenberg, who commences in January 2017.