Commonwealth Bank (ASX:CBA) has announced changes to its executive leadership team.
Adam Bennett, Group Executive Business and Private Banking, will leave the bank at the end of January after 15 years.
Mr Bennett joined the Bank’s Group Technology Unit in 2004 and was Chief Information Officer for the Retail and Business Banking divisions during a time of core banking technology modernisation.
From early February 2020, Mike Vacy-Lyle will join the Bank as the Group Executive Business and Private Banking. Mr Vacy-Lyle is currently Chief Executive Officer of FNB Commercial Banking, a division of the FirstRand Banking Group in South Africa.
Shares in Commonwealth Bank (ASX:CBA) are trading 0.42 per cent lower at $80.49.