Australia’s largest home lender CBA has hired Jason Todd as the Chief Investment Officer for its private bank unit, Commonwealth Private, which is geared up for high net worth investors.
Mr Todd was the head of Wealth Management Investment Strategy at Macquarie since 2018, but he is understood to have left in December.
Before that time, Mr Todd worked as the head of Hong Kong and China Equities, based in Hong Kong, and has previously worked at investment banks Morgan Stanley and JPMorgan.
“Jason’s arrival marks a significant milestone in our journey towards activating whole-of-customer solutions for our high-net-worth clients,” CBA said in a statement on his appointment.
“His expertise will be invaluable in enhancing our wealth product capabilities and advancing our commitment to delivering best-in-class experiences.”
It comes as Goldman Sachs head of equities for Australia and New Zealand, Mario Argyrides, resigned from the Wall Street bank to join Jefferies Australia. as reported this week.
Mr Argyrides has worked for Goldman Sachs since September 2017, joining from Macquarie Group.
Mike Johnson had earlier departed as head of equity sales and Andrew Norman as head of equities from Jefferies Australia in recent weeks.
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