CBA names Acting CFO

Commonwealth Bank Australia (CBA) has announced the appointment of Alan Docherty as acting chief financial officer, effective 14 May 2018.

His appointment follows the resignation of Rob Jesudason who, after less than 12 months in the role and more than six years with CBA, departs to pursue a new opportunity in Hong Kong.

Docherty is currently the group's chief financial officer institutional banking and markets, and since joining CBA in 2003, he has held senior finance roles in group finance, group treasury and the business and private bank.

Previously, he worked in PwC's Financial Services practice in the United Kingdom, and with Arthur Andersen and Ernst & Young in Sydney.

Commenting, CBA's 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."