Commonwealth Bank of Australia (CBA) CFO Rob Jesudason has resigned after a year in the role to join Hong Kong blockchain software publisher Block.one as group president and COO.
The bank has appointed Alan Docherty as the acting CFO with immediate effect, while it carries out internal and external search for a successor.
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Docherty joined CBA in 2003, and most recently served as the CFO for institutional banking and markets. He previously also served in senior positions in the group finance, group treasury and the business and private bank at CBA.
Docherty previously also served at PwC, Arthur Andersen, and Ernst & Young.
CBA CEO Matt Comyn said: “I am very pleased to have someone of Alan’s calibre and experience step in to act as our Chief Financial Officer while we complete an internal and external search for the role. We are making good progress with the renewal of the bank’s executive team and I expect to provide an update on appointments to my leadership team in the coming weeks.”
The exit of Jesudason comes at a time when the bank is facing scrutiny for alleged money laundering and financial crime. The bank was recently also fined for charging customers unjustified advice fees and for rigging the bank bill swap rate (BBSW) rate.
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By GlobalData
