02 aug: Sohn vil underlægge Cibor-rente statslig kontrol - NY
03 aug: USA/Aktier: ECB skuffelse sænkede markedet
03-08-2012 03:02:00

UPDATE: Commonwealth Bank Names New Retail Banking Chief

Relateret indhold

--Commonwealth Bank names Matt Comyn head of retail banking

--Mr. Comyn previously oversaw local-business banking division

--Retail arm delivers more than 40% of group profit

(Adds CEO comment in third paragraph, analyst remarks in fourth, background throughout)

By Caroline Henshaw and Rhiannon Hoyle

SYDNEY--Commonwealth Bank of Australia (CBA.AU) has chosen Matt Comyn, who previously ran its brokerage arm, to head up its retail banking division as the former chief departs for a senior role at Royal Bank of Scotland in London.

Mr. Comyn, who takes over from Ross McEwan as group executive of retail banking on Aug. 10, has led Commonwealth Bank's local-business banking division since 2010, and was earlier managing director of the CommSec brokerage unit.

While Commonwealth Bank's Chief Executive Ian Narev described Comyn as "ideally suited" to manage the growth of its retail operations--which contribute more than 40% to group profit--some analysts questioned his experience.

"He's got very big shoes to fill," said one equity analyst who asked not to be named because he is not authorised to speak to media. "As head of retail banking, he'll have to deal with the branch network and the margin strategy, which are very different to what he's done before."

Commonwealth Bank shares were down 0.6% At A$56.23 early Friday, less than the decline for the nation's benchmark stock index.

Mr. Comyn's predecessor announced in May that he would be relocating to the U.K. to head of RBS' retail operations, having oversee the country's largest home-loan and deposit business since 2007. CBA's retail operations include more than 1,100 branch networks across Australia.

Mr. McEwan last year was considered by some analysts as a frontrunner to replace ex-Commonwealth Bank Chief Executive Ralph Norris. At RBS, he'll replace Brian Hartzer, who takes up a senior position at Westpac Banking Corp. (WBC.AU)

Write to Caroline Henshaw at caroline.henshaw@wsj.com and Rhiannon Hoyle at rhiannon.hoyle@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

(END) Dow Jones Newswires

August 02, 2012 21:02 ET (01:02 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Carlsberg: Russisk ølproduktion fortsætter i bakgear

22-05-2015 16:33:25
Carlsberg og de øvrige bryggerier på det russiske ølmarked fortsætter med at holde igen med ølbrygningen i landet. Således faldt ølproduktionen i Rusland med 7,..

Novo: Ny fusion styrker købersiden ved forhandlingsbordet

22-05-2015 14:15:45
Medicinalselskaberne kan formentlig se frem til endnu sværere prisforhandlinger fremover i USA. Modparterne ved forhandlingsbordet, de såkaldte Pharma Benefit M..

Aktier/åbning: Zealand i rødt efter regnskab

22-05-2015 09:18:44
Det danske C20 Cap-indekset starter med bevægelser fra side til side i niveauet 1.016 fredag morgen på en dag, hvor Zealand Pharma - uden for eliteindekset - er..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Novo: Ny fusion styrker købersiden ved forhandlingsbordet
2
Novo/Sydbank: Solide diabetes-resultater i Saxenda-studie - NY
3
Siemens-vindchef: Meget travlt i 2015 og omtimisme om 2016
4
Anklager kræver to års fængsel til Don Ø i Parken-sag - NY
5
Novo: Saxenda mindsker risiko for udvikling af diabetes - NY

Relaterede aktiekurser

Westpac FPO 32,56 -0,3% Fald i aktiekurs
Cwlth Bank FPO 83,11 -0,5% Fald i aktiekurs
Royal Bank of Scotland G.. 356,13 0,3% Stigning i aktiekurs
Westpac Banking Corporat.. 25,75 0,0% Aktiekurs uændret
Royal Bank of Scotland G.. 11,16 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Copyright Euroinvestor A/S 2015  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
23. maj 2015 16:54:05
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20150519.1 - EUROWEB5 - 2015-05-23 16:54:05 - 2015-05-23 16:54:05 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x