Edition:
United States

Commonwealth Bank of Australia (CBA.AX)

CBA.AX on Australia Stock Exchange

78.60AUD
2 Dec 2016
Change (% chg)

-- (--)
Prev Close
$78.60
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
3,118,750
52-wk High
$85.85
52-wk Low
$69.22

Summary

Name Age Since Current Position

Ian Narev

48 2011 Chief Executive Officer, Managing Director, Executive Director

David Craig

2010 Group Executive - Financial Services, Chief Financial Officer

David Whiteing

2014 Group Executive - Enterprise Services, Chief Information Officer

Alden Toevs

2008 Group Chief Risk Officer

Anna Lenahan

2016 Group General Counsel and Group Executive Group Corporate Affairs

Melanie Laing

2012 Group Executive - Human Resources

Kelly Bayer Rosmarin

2013 Group Executive of Institutional Banking and Markets

Matthew Comyn

2012 Group Executive - Retail Banking Services

Annabel Spring

2011 Group Executive - Wealth Management

Carla Collingwood

2005 Company Secretary

Taryn Morton

2015 Company Secretary

Wendy Stops

2015 Non-Executive Director

Shirish Apte

63 2014 Non-Executive Independent Director

David Higgins

59 2014 Non-Executive Independent Director

Lorna Inman

59 2011 Non-Executive Independent Director

Catherine Livingstone

59 2016 Independent Non-Executive Director

Brian Long

69 2010 Non-Executive Independent Director

Andrew Mohl

59 2008 Non-Executive Independent Director

Mary Padbury

2016 Non-Executive Independent Director

Harrison Young

70 2007 Non-Executive Independent Director

Biographies

Name Description

Ian Narev

Mr. Ian Mark Narev has been Chief Executive Officer, Managing Director and Executive Director of Commonwealth Bank of Australia since December 1, 2011. He joined CBA in May 2007, and has been Member of CBA’s Executive Committee since then. From May 2007 until January 2009, he was Group Head of Strategy, with responsibility for corporate strategy development, mergers and acquisitions and cross-business strategic initiatives. In January 2009, he moved to his current role, managing one of CBA’s six operating divisions. Prior to joining CBA, was a partner of McKinsey’s New York, Sydney and Auckland offices (1998 to 2007). He became a global partner in 2003, and from 2005 until his departure in 2007 was head of McKinsey’s New Zealand office. Prior to joining McKinsey, Mr Narev was a lawyer specialising in mergers and acquisitions.. He holds Masters of Law degrees from Cambridge University (International Corporate Law) and New York University (International Relations), where he was a Hauser Scholar. He also holds undergraduate degrees in English and Law from the University of Auckland, where he was Editor-in-Chief of the Law Review. Mr. Narev is Director of ASB Bank, Sovereign Insurance and Commonwealth Securities. In the not-for-profit sector, he is Chairman of Springboard Trust, and Trustee of the Louise Perkins Foundation.

David Craig

Mr. David P. Craig is Group Executive - Financial Services and Chief Financial Officer of Commonwealth Bank of Australia. He concentrates in the finance and risk management areas, where programs such as accounting standards, audit requirements and regulation are under continual review. He joins Commonwealth Bank of Australia from Australand, where he was CFO and instrumental in the company’s financial reorganisation. He was a former audit partner and chief operations officer of Pricewaterhouse Coopers Australasia and worked as global CFO for Pricewaterhouse Consulting, based in the United States.

David Whiteing

Mr. David Whiteing has been Group Executive - Enterprise Services and Chief Information Officer of Commonwealth Bank of Australia since July 14, 2014. He joined the Company in September 2013 to lead the Architecture and Planning team in Enterprise Services. Prior to that, he was Vice President of Enterprise Systems at BP in the UK. He is a former Accenture partner with SAP experience.

Alden Toevs

Mr. Alden Toevs has been Group Chief Risk Officer of Commonwealth Bank of Australia since June 23, 2008. He is currently Executive Vice President and Head of First Manhattan Consulting Group’s risk management practice in New York. Over his 18 years of consulting with First Manhattan, he has advised 101 banks globally on risk, strategy, mergers and performance measurement. His former roles include Head of Mortgage Research at Morgan Stanley and in academia as Professor of Economics at University of Oregon in the United States.

Anna Lenahan

Ms. Anna C. Lenahan is Group General Counsel and Group Executive Group Corporate Affairs of the Company. She is currently Chief Risk and Legal Officer at Suncorp Group, having joined Suncorp in 2011. Prior to that, she was a partner at Allens Arthur Robinson (now Allens Linklaters), where her corporate and commercial practice included some of Australia's leading financial services organisations. She has also been a crown prosecutor with the Department of Public Prosecutions in Perth.

Melanie Laing

Ms. Melanie Laing is Group Executive for Human Resources of Commonwealth Bank of Australia. She is currently Executive General Manager, People and Culture for Origin Energy Limited. She held Regional Human Resources Director roles at Unisys Asia Pacific and Vodafone Pacific. She has been responsible for the strategic planning and development of the Human Resources function.

Kelly Bayer Rosmarin

Ms. Kelly Bayer Rosmarin is Group Executive of Institutional Banking and Markets of Commonwealth Bank of Australia effective December 16, 2013. She joined the Commonwealth Bank in 2004 and has since held a variety of line roles, as well as playing an important part in many key strategic initiatives, projects, and product launches across the organisation. She is currently the Executive General Manager of Corporate Banking Solutions and a member of the Institutional Banking & Markets and Business & Private Banking Leadership teams. In this role, she has had a client-facing focus, and has sat on the Group's senior credit committees. She has also been instrumental in using technology to provide innovative new services and products through the use of data and analytical insight. Prior to her time at Commonwealth Bank, Ms Bayer Rosmarin was a consultant at The Boston Consulting Group and a director of product strategy and product management at technology firm Peoplesoft in California. She has bachelors and masters degrees in science from Stanford University.

Matthew Comyn

Mr. Matthew (Matt) Comyn has been Group Executive of Retail Banking Services of Commonwealth Bank of Australia since August 10, 2012. He has been with the Group since 1999, other than for a brief period with Morgan Stanley Smith Barney. Since joining the Group, he has held a variety of roles. He currently runs the Group’s Local Business Banking business, a role he has held since 2010. From 2006 until 2010, he was Managing Director of CommSec and prior to that he played a role in the development and implementation of the Group’s CommSee banking platform.

Annabel Spring

Ms. Annabel Fitzgerald Spring has been Group Executive of Wealth Management of Commonwealth Bank of Australia since October 1, 2011. She joined the group two and a half years ago from Morgan Stanley where she was Head of Firm Strategy and Execution and previously held roles in banking and markets. She has worked in New York, Asia and Australia.

Carla Collingwood

Ms. Carla F. Collingwood has been Company Secretary of Commonwealth Bank of Australia since July 12, 2005. She was appointed a Company Secretary of the Bank in July 2005. From 1994 until 2005, she was a solicitor with the Bank’s Legal Department, before being appointed to the position of General Manager, Secretariat. She holds a Bachelor of Laws degree (Hons) and a Graduate Diploma in Company Secretary Practice from the Governance Institute of Australia. She is a Graduate of the Australian Institute of Company Directors.

Taryn Morton

Ms. Taryn Leigh Morton is Company Secretary of the Company. Ms Morton joins the Group from Insurance Australia Group where she was a Company Secretary.

Wendy Stops

Ms. Wendy Margaret Stops is Director of Commonwealth Bank of Australia. Ms. Kay has been a Director of the Bank since March 2003 and has been a member of various Board Committees including Risk, Remuneration and Audit Committees. As a former banker, lawyer and experienced company Director, Ms Kay has been highly regarded for her expertise in the finance sector and experience across a broad range of industries and geographies. Ms Stops holds a Bachelor of Applied Science (Information Technology), is a member of Chief Executive Women Inc and Women on Boards.She also served on Accenture’s Global Leadership Council from 2008 until her retirement. Ms. Stops career at Accenture spanned 32 years.

Shirish Apte

Mr. Shirish Apte has been appointed as Non-Executive Independent Director of Commonwealth Bank of Australia., with effect from 10 June 2014. He was Co - Chairman of Citi Asia Pacific Banking from 1 January 2012 until 31 January 2014 , when he retired from Citi . (Mr Apte remains a director of Citibank Japan and a member of the Superviso r y Board of Citibank Handlowy, Poland . ) From 2009 until 2011, Mr Apte was Chief Executive Officer of Citi Asia Pacific, with responsibility for South Asia, including Australia, New Zealand, India and ASEAN countries. He was a member of Citigroup’s Executive and Operating Committees. He is a Chartered Accountant from the Institute of Chartered Accountants in England and Wales, and holds a Bachelor of Commerce degree. He also has an MBA from the London Business School.

David Higgins

Sir David Hartmann Higgins has been appointed as Non-Executive Independent Director of Commonwealth Bank of Australia., with effect from 10 June 2014. He is currently the C hairman of High Speed Two (HS2) Ltd, the company responsible for developing and promoting the UK’s new high speed rail network. Prior to that, he was Chief Executive of Network Rail Infrastructure Ltd in London which is involved in the maintenance and dev elopment of railway infrastructure throughout the UK. From 2006 until 2011, he was Chief Executive of the Olympic Delivery Authority where he oversaw the creation of the London 2012 Olympic Games venues, the Olympic Village and transport projects. Prior to December 2005, he was Chief Executive of English Partnerships, the UK Government’s national housing and regeneration agency for three years. In 1985 , he joined Lend Lease and in 1995, he was appointed Managing Director and Chief Executive O fficer of L end Lease. Page 2 of 2 Sir David holds a Bachelor of Engineering (Civil) degree and a diploma from the Securities Institute of Australia. He was knighted in the 2011 Queen’s Birthday Honours list for services to regeneration.For the three years prior to 2005, he was Chief Executive of English Partnerships, the UK Government’s national housing and regeneration agency. In 1985, he joined Lend Lease, and was Managing Director and Chief Executive Officer of Lend Lease from 1995 until 2002.

Lorna Inman

Ms. Lorna (Launa) Karen Inman has been Non-Executive Independent Director of Commonwealth Bank of Australia since March 16, 2011. She is Member of the Risk Committee. She has been Managing Director of Target Australia Pty Limited since 2005. Prior to that appointment, Ms. Inman was Managing Director of Officeworks. She won the 2003 Telstra Australian Business Woman of the Year and was winner of the Commonwealth Government Private and Corporate Sector Award. She is Member of the Australian Institute of Company Directors, Member of the Chief Executive Women Inc, Member of the Australian Institute of Management and Member of the World Retail Congress Advisory Board. She was Managing Director and Chief Executive Officer of Billabong International Limited from 14 May 2012 until 2 August 2013. Prior to this, she was Managing Director of Target Australia Pty Limited from 2005 to November 2011, and Managing Director of Officeworks from 2004 to 2005. She has completed an Advanced Executive Program at Wharton Business School, University of Pennsylvania and holds a Bachelor of Commerce Hons, and a Masters of Commerce in Strategy and Economics.

Catherine Livingstone

Ms. Catherine B. Livingstone AO, is an Independent Non-Executive Director of the Company. Ms. Livingstone is a highly respected company director with extensive business and finance experience across a broad range of industries and organisations. She is the outgoing Chairman of Telstra Corporation, President of the Business Council of Australia and a Director of WorleyParsons and the George Institute for Global Health. Ms Livingstone has had many senior leadership roles. Between 2001 and 2006 she was the Chairman of the CSIRO. She has served on the Boards of Macquarie Group, Goodman Fielder and Rural Press and has contributed to the work of the Innovation and Productivity Council for the New South Wales Government, as well as participated in many other government reviews. Ms Livingstone is a Chartered Accountant and holds a Bachelor of Arts (Accounting) (Honours) and several Honorary Doctorates. In 2008 she was honoured as an Officer of the Order of Australia.

Brian Long

Mr. Brian James Long has been Non-Executive Independent Director of Commonwealth Bank of Australia since September 1, 2010. He is Chairman of the Audit and Member of Risk Committee. He retired as a partner of Ernst & Young in June 2010. Until that time, he was the Chairman of both the Global Advisory Council and of the Oceania Area Advisory Council. He has over 30 years of experience in serving as audit signing partner on Australian public companies including those in the financial services, property, insurance and media sectors. He is Director of Cantarella Bros Pty Ltd. He is Fellow of the Institute of Chartered Accountants in Australia, Chairman of United Way Australia, Member of Council and Chairman of Audit Committee for each of the National Library of Australia and the University of NSW.

Andrew Mohl

Mr. Andrew Max Mohl has been Non-Executive Independent Director of Commonwealth Bank of Australia since July 1, 2008. He is Member of the Risk and People & Remuneration Committees. He has over 35years of financial services experience. He was Managing Director and Chief Executive Officer of AMP Limited from October 2002 until December 2007. Mr. Mohl’s previous roles at AMP included Managing Director of AMP Financial Services and Managing Director and Chief Investment Officer of AMP Asset Management. He was a former Group Chief Economist, Chief Manager, Retail Banking and Managing Director of ANZ Funds Management at ANZ Banking Group. He began his career at the Reserve Bank of Australia where his roles included Senior Economist and Deputy Head of Research. He is Chairman of Federal Government Export Finance and Insurance Corporation and Director of AMP Foundation (retired September 2012). His other interests include giving coaching services to Chief executives, Member of the Board of Governors for the Committee of Economic Development of Australia, the Advisory Council of the Australian School of Business at the University of New South Wales and the Corporate Council of the European Australian Business Council.

Mary Padbury

Ms. Mary Louise Padbury is Non-Executive Independent Director of the Company. Ms Padbury is a pre-eminent intellectual property lawyer with an Australian and international legal career spanning over 30 years. She is a partner and the Vice Chairman of Ashurst, having been the Chairman of Ashurst Australia for eight years prior to the firm's full merger with Ashurst LLP into an integrated global firm in 2013. Ms Padbury was instrumental in this strategic merger, having led the negotiations and been closely involved in the subsequent integration of the firms. Earlier in her career, Ms Padbury spent a number of years in the United Kingdom with boutique firm, Bristows and as resident partner of Ashurst Australia. She has undertaken intellectual property work for Australian and multinational corporations and will bring extensive knowledge of technology and governance to the Bank’s Board. Mary is a director of the Burnet Institute and the Australasian Gastro-Intestinal Trials Group. She is also a member of both the Australian Government’s Professional Standards Board for Patent and Trade Marks Attorneys and Melbourne University Law School Foundation. Ms Padbury holds a Bachelor of Laws (Honours) and a Bachelor of Arts. Among her many career acknowledgements, she is recognised by Chambers Global as an ‘Eminent Practitioner’ in intellectual property for patents.

Harrison Young

Mr. Harrison Hurst Young has been Non-Executive Independent Director of Commonwealth Bank of Australia since February 13, 2007. He is Chairman of the Risk Committee and a member of the Audit Committee and Board Performance and Renewal Committee. From 2003 to 2007, He was Chairman of Morgan Stanley Australia, and from 1998 to 2003 Vice Chairman of Morgan Stanley Asia. Prior to that, Mr Young spent two years in Beijing as Chief Executive Officer of China International Capital Corporation. From 1991 to 1994 he was a senior officer of the Federal Deposit Insurance Corporation in Washington. He has also been Director of NBN Co Limited (Chairman) (ceased March 2013), Better Place (Australia) Pty (Chairman) (ceased February 2013), Humanities 21 Inc (ceased December 2012), Bank of England (ceased May 2012), and Financial Services Volunteer Corps (ceased December 2012). He holds an AB degree (Cum Laude) from Harvard University and LLD honoris causa from Monash University.