Commonwealth Bank appointment

14 March 2007

The Commonwealth Bank has appointed Ian Narev as Group Head of Strategy.

The Bank’s Chief Executive Officer, Ralph Norris said, "I am delighted to have attracted a person of Ian’s capability and experience to our leadership team. He is a high calibre executive with strong corporate and business unit strategic experience in many areas, including financial services in the United States, Australia and New Zealand".

Ian will report direct to the CEO and provide leadership to the strategic team and advice to the CEO and Board on the Bank’s strategic direction. He will commence with the Bank in May.

Ian joins the Bank from his most recent position of partner and Head of New Zealand for McKinsey and Company, a position he has held since 2005. He has been with McKinsey and Company since 1998 and worked in their Auckland and New York offices.



For further information, please contact:
Bryan Fitzgerald
General Manager, Media
Commonwealth Bank of Australia
Telephone (02) 9378 2663