Commonwealth Bank announces new Board member

5 March 2003

The Chairman of Commonwealth Bank of Australia, Mr John Ralph AC, announced the appointment of Ms Carolyn Kay as a Director of the Bank, effective from today.

Ms Kay, who holds Bachelor of Laws and Bachelor of Arts degrees and completed a Graduate Diploma in Management, has had an extensive career in finance and international capital markets with an international legal firm and investment banks. She retired from Morgan Stanley in 1999 after ten years with that firm in London and Melbourne in roles which included Executive Director, Investment Banking and Head of Debt Capital Markets in Australasia . Prior to Morgan Stanley, Carolyn worked for JP Morgan in London and New York, Linklaters & Paines in London and Gillotts in Melbourne. She was also previously a non-Executive Director of Colonial State Bank.

She is currently Deputy Chair of Victoria Funds Management Corporation, Director of Mayne Group Limited and of Treasury Corporation of Victoria, and an Advisor to Morgan Stanley.

Mr Ralph welcomed Ms Kay’s appointment, commenting that she brings to the Board a wide range of experience in finance, international business and investment banking