The Commonwealth Bank has announced the appointment of Matt Cornyn as the company’s new Group Executive, Retail Banking Services.

 

CEO Ian Narev welcomed Mr Cornyn’s appointment, having taken the role after an internal search after the departure of Ross McEwan.

 

“We were fortunate to be able to consider a group of high calibre internal and external candidates,” Mr Narev said.

 

Mr Cornyn has been with the bank since 1999, having served in a variety of rolls including Managing Director of Commsec.

 

“Through his various roles in the Group, Matt has demonstrated high integrity, a strong focus on our people and customers, a deep understanding of the application of technology to financial services, and broad strategic vision,” Mr Narev said.

 

“This combination of skills makes him ideally suited to lead a very talented team within Retail Banking Services to continue the strong momentum of the business, while positioning it well in a rapidly changing operating environment,” he added.

 

Mr Cornyn will commence his role on Friday August 10.