People: Commonwealth Bank of Australia (CBA.AX)

CBA.AX on Australia Stock Exchange

77.57AUD
17 Apr 2014
Price Change (% chg)

$0.42 (+0.54%)
Prev Close
$77.15
Open
$77.46
Day's High
$77.80
Day's Low
$77.10
Volume
1,937,591
Avg. Vol
3,141,908
52-wk High
$79.88
52-wk Low
$64.49

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Summary

Name Age Since Current Position

David Turner

68 2010 Non-Executive Independent Chairman of the Board

Ian Narev

46 2011 Chief Executive Officer, Managing Director, Executive Director

David Craig

2010 Group Executive - Financial Services, Chief Financial Officer

Michael Harte

2007 Chief Information Officer, Group Executive - Enterprise Services

Alden Toevs

2008 Group Chief Risk Officer

David Cohen

2013 Group General Counsel, Group Executive - Group Corporate Affairs

Melanie Laing

2012 Group Executive - Human Resources

Kelly Bayer Rosmarin

2013 Group Executive of Institutional Banking and Markets

Simon Blair

2009 Group Executive - International Financial Services

Matthew Comyn

2012 Group Executive - Retail Banking Services

Robert Jesudason

2013 Group Executive - Group Strategic Development

Grahame Petersen

2011 Group Executive - Business and Private Banking

Ian Saines

2008 Group Executive - Institutional Banking and Markets

Annabel Spring

2011 Group Executive - Wealth Management

Carla Collingwood

2005 Company Secretary

Margaret Taylor

2013 Company Secretary

John Anderson

67 2007 Non-Executive Independent Director

Jane Hemstritch

60 2006 Non-Executive Independent Director

Lorna Inman

57 2011 Non-Executive Independent Director

Sarah Carolyn Kay

52 2003 Non-Executive Independent Director

Brian Long

68 2010 Non-Executive Independent Director

Andrew Mohl

57 2008 Non-Executive Independent Director

Harrison Young

68 2007 Non-Executive Independent Director

Biographies

Name Description

David Turner

Mr. David John Turner has been Non-Executive Independent Chairman of the Board of Commonwealth Bank of Australia since February 10, 2010. Mr. Turner was appointed to the Board on August 1, 2006. He is Chairman of the Board Performance and Renewal Committee and Member of the Risk Committee and the People & Remuneration Committee. Mr. Turner has experience in finance, international business and governance. He was Chairman of Cobham plc from May 2008 until May 2010. He was CEO of Brambles Limited from October 2003 until his retirement in June 2007 and formerly CFO from 2001 to 2003. He was also Finance Director of GKN plc, Finance Director of Booker plc and spent six years with Mobil Oil. Mr. Turner has also been a Non-Executive Director of Whitbread plc, Director of the Iron Trades Insurance Group and Member of the Quotations Committee of the London Stock Exchange. He is Director of Great Barrier Reef Foundation and O’Connell Street Associates. He is Fellow of the Institute of Chartered Accountants in England and Wales.

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, he was partner of McKinsey & Company, the global consulting firm. He joined McKinsey in New York in 1998, and from then until 2002 worked in McKinsey’s financial institutions group in the United States. In 2002, he transferred to McKinsey’s Auckland and Sydney offices. He became global partner in 2003, and from 2005 until his departure in 2007 was head of McKinsey’s New Zealand office. He was also the co-head of McKinsey’s Asian strategy practice. Prior to joining McKinsey, he was lawyer specializing 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. Mr. Craig 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.

Michael Harte

Mr. Michael R. Harte is Chief Information Officer and Group Executive - Enterprise Services of Commonwealth Bank of Australia. He joined Commonwealth Bank of Australia in April 10, 2006 as Group Executive - Enterprise IT. In this role, he leads the development of the Bank’s Group technology function and the implementation of the Bank’s IT Strategy enterprise-wide. He has a first class technology background gained through senior positions in some of the world’s financial services companies. He is actively engaged in business development and the transformation of business models. He also has experience in systems strategy, consolidation, integration and global systems deployment. Prior to joining the Bank, he was Executive Vice President and Chief Information Officer for PNC Financial Services, one of the investment fund administrators. During his terms with PNC and, prior to that, Citigroup, teams led by him have been widely recognised, winning awards with CIO Magazine, Information Week and CIO Insight. He was educated in New Zealand, Europe and the United States. He holds a Bachelor of Business Degree and a Diploma in Business. His post-graduate studies include Economics and a Master of Science in Systems with distinction from New York University. He is currently also working with the Center for Information Systems at the Massachusetts Institute of Technology (MIT) on open systems and competitive advantage.

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.

David Cohen

Mr. David Cohen is Group General Counsel and Group Executive - Group Corporate Affairs of Commonwealth Bank of Australia. He joins the Bank from his most recent position of General Counsel AMP where he was responsible in-house legal, risk management/compliance and company secretariat teams and was Chairman of AMP Superannuation Limited. He was also a partner of Allens Arthur Robinson and has international experience through his role at Nagashima and Ohno in Japan.

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.

Simon Blair

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.

Robert Jesudason

Mr. Robert (Rob) Jesudason is Group Executive - Group Strategic Development of Commonwealth Bank of Australia. He joined Credit Suisse in October 2007 as Head of the APAC Financial Institutions Group. In 2008, his group at Credit Suisse was awarded Financial Advisor of the Year for Asian Financial Institutions by the Financial Times/Merger Market Awards. He joined from JP Morgan, where he was a Managing Director in the Asian special situations group responsible for investments in financial services. Prior to this, he worked at Barclays PLC as Global Head of Corporate Development. He worked at GE Capital both in their European and Japanese M&A teams and within their Insurance business. He was an Associate Principal in McKinsey’s Corporate Finance and Strategy practice. He holds a Bachelor of Science in Managerial and Administrative Studies from Aston University in Birmingham, UK.

Grahame Petersen

Mr. Grahame Anthony Petersen is Group Executive for Business and Private Banking of Commonwealth Bank of Australia. He is responsible for Colonial First State, Colonial First State Global Asset Management and CommInsure. He has more than 27 years of experience in the finance industry, having joined the Rural Bank of NSW as a graduate in 1980. His career in the finance industry is varied. He has held senior management roles in business banking, corporate banking, business recovery, retail banking, cards and merchant services, and funds management. He has also worked in London and New York. His experience includes sales management, marketing, product management, strategy and change management. Prior to his current role, he was the Group Executive, Group Strategy Development, where he had responsibility for Group strategy, mergers and acquisitions, and leadership of the ‘Which new Bank’ program team, implementing the customer service transformation. In March 2006, he was appointed Group Executive Wealth Management. His qualifications include a Bachelor of Arts from Macquarie University and a Graduate Diploma of Applied Finance from the Securities Institute of Australia.

Ian Saines

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. From 1994 until 2005, she was a solicitor with the Bank’s Legal Services 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 Chartered Secretaries Australia. She is a Graduate of the Australian Institute of Company Directors.

Margaret Taylor

Ms. Margaret Taylor has been Company Secretary of Commonwealth Bank of Australia since August 6, 2013. She joins the Group from Boral where she was Group General Counsel and Company Secretary.

John Anderson

Sir John Anthony Anderson, KBE, has been Non-Executive Independent Director of Commonwealth Bank of Australia since March 12, 2007. He is a member of the Risk Committee and Board Performance and Renewal Committee. Sir John is a business and community leader, having held many senior positions in the New Zealand finance industry including Chief Executive Officer and Director of ANZ National Bank Limited from 2003 to 2005 and the National Bank of New Zealand Limited from 1989 to 2003. He has also been Director of PGG Wrightson Limited (Chairman), National Property Trust Limited (Chairman), Steel & Tube Holdings Ltd (Chairman from October 2012), Turners & Growers Limited (Deputy Chairman from December 2012), and New Zealand Venture Investment Fund (Chairman) (ceased June 2013). He is Fellow of the New Zealand Institute of Chartered Accountants, Fellow of the Institute of Financial Professionals New Zealand, Fellow of the Institute of Directors, and Life Member of the Australian Institute of Banking and Finance.

Jane Hemstritch

Ms. Jane Sharman Hemstritch has been Non-Executive Independent Director of Commonwealth Bank of Australia since October 9, 2006. She is Chairman of the People & Remuneration Committee and Member of the Risk Committee. Ms. Hemstritch was Managing Director - Asia Pacific for Accenture Limited from 2004 until her retirement in February 2007. In this role, she was a member of Accenture’s global executive leadership team and oversaw the management of Accenture’s Asia Pacific business portfolio. She holds a Bachelor of Science Degree in Biochemistry and Physiology and has professional background in technology, communications, change management and accounting. She also has experience across the financial services, telecommunications, government, energy and manufacturing sectors and in business expansion in Asia. She is Director of The Global Foundation, Victorian Opera Company Limited (Chairman from February 2013), Tabcorp Ltd and Santos Ltd. She is also Fellow of the Institute of Chartered Accountants in Australia, Fellow of the Institute of Chartered Accountants in England and Wales, Fellow of the Australian Institute of Company Directors, Member of the Chief Executive Women Inc, Member of Walter and Eliza Hall Institute Financial Sustainability Committee, Member of Council of Governing Members of The Smith Family and CEDA’s Policy and Research Committee and Member of the Council of the National Library of Australia.

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. Ms. Inman 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.

Sarah Carolyn Kay

Ms. Sarah Carolyn H. Kay has been Non-Executive Independent Director of Commonwealth Bank of Australia since March 5, 2003. She is also Member of the Audit, People & Remuneration and Risk Committees. Ms. Kay holds Bachelor degrees in Law and Arts and a Graduate Diploma in Management. She has over 25 years of experience in Finance, particularly in International Finance, including working as both a banker and a lawyer at Morgan Stanley, JP Morgan and Linklaters & Paines in London, New York and Australia. She is Director of Allens Arthur Robinson, Brambles Industries Limited, Infrastructure NSW and Sydney Institute. She is Fellow of the Australian Institute of Company Directors and Member of the Chief Executive Women’s Inc.

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. Mr. Long 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. Mr. Mohl 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.

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, Mr Young 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.

Basic Compensation

Name Fiscal Year Total

David Turner

856,008

Ian Narev

7,804,890

David Craig

4,752,230

Michael Harte

3,724,060

Alden Toevs

4,818,290

David Cohen

3,165,760

Melanie Laing

2,509,620

Kelly Bayer Rosmarin

--

Simon Blair

2,862,070

Matthew Comyn

2,484,450

Robert Jesudason

3,051,220

Grahame Petersen

3,887,560

Ian Saines

4,514,060

Annabel Spring

3,080,800

Carla Collingwood

--

Margaret Taylor

--

John Anderson

--

Jane Hemstritch

--

Lorna Inman

--

Sarah Carolyn Kay

--

Brian Long

--

Andrew Mohl

--

Harrison Young

--
As Of 29 Jun 2013
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