Michael Vacy-Lyle is Commonwealth Bank’s Group Executive for Business and Private Banking. He commenced in this role in February 2020, and has responsibility for Business Banking, Private Banking and CommSec.
Prior to joining CBA, Michael was Chief Executive Officer of FNB Commercial Banking, a division of the FirstRand Banking Group in South Africa. Michael spent 18 years at FNB, Africa’s largest commercial bank, working across various roles in commercial banking, including finance, pricing, product, capital management, sales, and relationship management, until his appointment as CEO in August 2011.
Before joining FNB, Michael worked in London as an investment analyst at a new technology private equity fund and then as a manager in corporate finance at KPMG.
He has a Bachelor of Commerce (Hons) from University of KwaZulu-Natal, and the University of South Africa, and is also a member of the South African Institute of Chartered Accountants.