Commonwealth Bank has reshuffled its senior executive ranks, promoting a career banker to run its key institutional division, pointing to a new generation of leadership at the country’s biggest lender.
In a broad overhaul of its senior ranks, CBA promoted Sinead Taylor, its chief operating officer for three years, to run the institutional bank. The division banks large companies and makes 12 per cent of CBA’s total profits.
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James Eyers writes on banking, finance, payments, regulation and emerging technologies. Based in Sydney, he is a former legal and investment banking editor at the AFR and has been a business journalist for more than 20 years. Email James at jeyers@afr.com.au