CBA appoints new risk officer, COO
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The news: Australia’s biggest lender has announced a revamp of its leadership team ahead of impending retirements of key executives.
The context: Commonwealth Bank said group chief risk officer Nigel Williams will retire on 16 February, with current head of institutional banking and markets, Andrew Hinchliff, promoted to the role.
Hinchliff joined CBA in 2015 and has been heading the institutional banking and markets business since August 2018. Sinead Taylor will take over his current role. She has served as the bank’s chief operations officer since October 2021.
Emma Bunnell has been appointed as the incoming chief operations officer, subject to regulatory approval. She joins CBA from HSBC UK where she worked closely with banking regulators and has previously served as the chief operating officer.
Group executive for human resources Sian Lewis will also retire on 16 February, with the bank hiring Kiersten Robinson from Ford Motor Company to take over as chief people officer.
CBA said all the new appointments will be effective 17 February, 2025.
The source: ASX announcement
