The new appointment had been acting CFO since May 2018.

Commonwealth Bank of Australia has appointed Alan Docherty as chief financial officer.

Docherty has been acting CFO since May 2018; before that, he was CFO of the institutional banking and markets division and held senior roles in group finance, group treasury and in the business and private bank. Prior to joining CBA, Docherty worked in PwC’s financial services practice in the UK and with Arthur Andersen and EY in Sydney.

The appointment follows a number of changes to CBA’s executive leadership team. As announced in June, Pascal Boillat will join CBA as group executive enterprise services and chief information officer on 1 October. Nigel Williams will join the Bank on 5 November as chief risk officer, when David Cohen assumes the role of deputy CEO.

CBA along with a number of prominent Australian financial institutions have suffered from a number of compliance and customer service shortcomings. (See here.)