Petersen has over 31 years of banking and financial services experience with the Group. Most recently, since 2006, he has led the group’s wealth management businesses.

Spring is currently the group head of strategy. She joined the group two and a half years ago from Morgan Stanley where she was head of firm strategy and execution and previously held roles in banking and markets.

Commonwealth Bank of Australia CEO elect Ian Narev Petersen’s strong strategic skills, senior banking experience, proven ability to drive performance and reputation for talent development make him the right person to support a very high performing Business and Private Banking leadership team.

Spring has extensive global banking markets and wealth management experience. In her time with the Group, the value of her international experience has been clear in her strategic thinking and broader business judgement. She has developed strong relationships within and outside the Group and helped shape the Group’s strategic direction.