With the imminent retirement of the current Chief Financial Officer on the horizon, the Commonwealth Bank of Australia has named his successor, who is based in Hong Kong.

Commonwealth Bank of Australia (CBA) has announced that, after more than a decade in the role, David Craig will retire as Group Chief Financial Officer on 30 June 2017.

Rob Jesudason, currently Group Executive for International Financial Services, will assume that role from 1 July 2017.

Jesudason joined CBA as Head of Strategy in 2011, and since 2014 has led the International Financial Services division, based in Hong Kong.

«Rob has more than 20 years experience in financial services, he has worked in and alongside financial institutions across the world, and has an acute sense of the rapidly moving economic, regulatory and competitive landscape. He has made a strong contribution over more than five years at CBA,» said Ian Narev Chief Executive Officer of Commonwealth Bank

A successor to Jesudason as Group Executive for International Financial Services will be announced in due course.