Amid the recent troubles that have been rocking Australia’s banks and financial service providers, the CFO for Commonwealth Bank of Australia (CBA) has resigned after less than a year in the job
Rob Jesudason has resigned with immediate effect and is replaced by Alan Docherty on an interim basis while the bank looks to other potential candidates.
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Docherty has been the chief financial officer for institutional banking and markets and, since joining CBA in 2003, has held senior finance roles in group finance, group treasury and the business and private bank.
Anger over bank misconduct has grown significantly as evidence of breaches and wrongdoings have emerged while the Royal Commission conducts its yearlong investigation into Australia’s banks.
CBA chief executive officer, Matt Comyn said: “I am very pleased to have someone of Alan’s calibre and experience step in to act as our chief financial officer while we complete an internal and external search for the role.
“We are making good progress with the renewal of the bank’s executive team and I expect to provide an update on appointments to my leadership team in the coming weeks.”
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By GlobalDataCBA came under fire earlier this month after admitting to losing bank data and records of almost 20 million customers. The data that had been misplaced included names, addresses, account numbers and bank statements.
Jesudason is returning to Hong Kong immediately, where he was previously CBA’s international financial services group executive.
