Commonwealth Bank of Australia (CBA) CFO Rob Jesudason has resigned after a year in the role to join Hong Kong blockchain software publisher 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.

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.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.