CBA’s management exodus continues

Original article by James Eyers
The Australian Financial Review – Page: 9 & 12 : 3-Oct-17

The Commonwealth Bank of Australia’s ASB subsidiary in New Zealand will consider internal and external candidates to succeed outgoing CEO Barbara Chapman. ASB’s profits have risen from just $A568m to more than $A1bn since Chapman took the helm in 2011. She will retire from the banking sector in 2018. CBA also recently advised that the head of its wealth management arm, Annabel Spring, will step down in late 2017, while CEO Ian Narev will leave the banking major by mid-2018.

CORPORATES
COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, ASB BANK LIMITED, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, ALL BLACKS, RUSSELL REYNOLDS ASSOCIATES INCORPORATED, AUSTRALIA. ATTORNEY-GENERAL’S DEPT. AUSTRALIAN TRANSACTION REPORTS AND ANALYSIS CENTRE, FEDERAL COURT OF AUSTRALIA

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