CBA's 'global search' for a CEO ends at home

Matt Comyn takes over at the helm of the troubled Aussie lender. But moving its former retail chief to the top job won't ease scrutiny amid a compliance scandal.

CBA's 'global search' for a CEO ends at home

In August, Australia's Commonwealth Bank launched a global search for its new CEO as it sought to fight back from a compliance scandal.

On Monday, it appointed a 20-year veteran of the bank who most recently led the retail division at the centre of money laundering claims that helped spark the creation of a royal commission into the activities of Australia's big-four lenders.

The bank announced on Monday that Matt Comyn...

FinanceAsia has updated its subscription model. Registered readers now have the opportunity to read five articles from our award-winning website for free. Please subscribe for unlimited access.

Print Edition

FinanceAsia Print Edition

EVENTS