CBA parts ways with chief economist

Commonwealth Bank has parted ways with chief economist Michael Blythe, who spent more than 24 years with the bank.

Financial Standard reports that the move is part of a broader plan by the organisation to streamline the global economic and markets research team.

Blythe first joined CBA in 1995. Before that, he was a senior economist with the RBA for more than 13 years.

Blythe is succeeded by Stephen Halmarick.

Reporting from Ally Selby at Financial Standard contributed to this story.