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Commonwealth Bank of Australia appoints new Head of Equities and Capital Markets

30 January 2007

Commonwealth Bank of Australia today announced that David Hancock has been appointed Head of Equities and Capital Markets reporting to Marten Touw, Head of Global Markets and Treasury. He will join in February 2007 and will be based in Sydney.

In his new role, Mr Hancock will run the newly amalgamated institutional equity and debt capital markets businesses for the Bank globally. Mr Touw stated "We want to achieve a leading position in both the Australian equity and debt markets and I believe we have started laying the foundations to get there."

Mr Hancock joins from Japanese Shinsei Bank where he spent the last two years as General Manager, Equity Capital Markets (ECM) managing the bank’s sizeable equity portfolio, its securities company and building and establishing new revenue opportunities in the ECM space. He was also a key plank in the joint venture between Shinsei and Macquarie Bank to develop the listed infrastructure market in Japan.

Before joining Shinsei, Mr Hancock was Co-Head of Institutional Equities (Asia, incl. Japan, & Australia) for JP Morgan Asia – a large business comprising over 650 people in 29 locations globally. His responsibilities also included US distribution, derivatives and markets technology across products.

Prior to relocating to Asia, Mr Hancock was Managing Director and Head of JP Morgan’s Equities division in Australia, a role that also encompassed oversight of JP Morgan’s interest in Ord Minnett.

Previously, he held various roles at Salomon Smith Barney over a ten year period.

Commenting on the appointment, Mr Touw said "David comes to us with a long and distinguished career in both equities broking and capital raising for financial institutions both in Australia and overseas."

"Having worked on deals with David over the years, I have an insight into his ability and am very excited by his decision to join us."

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For further information please contact:

Bryan Fitzgerald
General Manager, Media and Issues Management
Commonwealth Bank
Phone: (02) 9378 2663
Mob: 0414 789 649