The Commonwealth Bank has announced Grahame Petersen as the company’s new Group Executive of Business and Private Banking in advance of Ian Narev taking his role as the company’s chief executive from 1 October.


Mr Petersen has accrued 31 years of experience in financial services with the bank and, most recently, has led CBA’s Wealth Management business.


“Grahame is a highly experienced executive, who is widely respected within the Group and in the financial services market more broadly. His 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,” Mr Narev said.


Also announced was Annabel Spring’s appointment to group Executive of Wealth Management. Ms Spring, who currently is the Group Head of Strategy, will take the new position from 1 October.


Robert Jesudason will; take Ms Spring’s role as Group Head of Strategy, joining the Commonwealth Bank from Credit Suisse where he held the Managing Director and Head of Global Emerging Markets in Hong Kong.