Commonwealth Bank Appoints New CFO

Tom Burroughes

27 March 2017

, the Australia-headquartered bank, has appointed Rob Jesudason as chief financial officer. He takes the helm from David Craig, who retires from the role at the end of June this year.

Jesudason is currently group executive for international financial services, and will assume the new role from 1 July. He joined the firm as head of strategy in 2011, and since 2014 has led the international financial services division, based out of Hong Kong.

“Since joining CBA as the CFO in 2006, David has been a linchpin of our senior executive team. Due to his strategic breadth, technical skills, and values, he is held in the highest esteem inside and outside CBA. He has made a lasting contribution to CBA, particularly through his leadership of the finance and treasury functions during the global financial crisis and subsequent regulatory change, and his ongoing stewardship of CBA’s long-term investments in technology and productivity. We will miss him greatly, and wish him the very best as he moves into a non-executive career,” said Ian Narev, chief executive of CBA.

A successor to Jesudason in his current role will be announced in due course.