Ahead of new Chief Executive Matt Comyn taking up his role at Commonwealth Bank of Australia next month, a trio of top executives is departing the bank.
Top CBA executives Melanie Laing, Kelly Bayer Rosmarin, and David Whiteing will leave the bank in the coming months, the bank said in a media statement on Monday.
Incoming CEO Comyn said the bank had launched a search processes for these positions and a global search for his current position of group executive retail banking services is progressing well in the statement. Laing was head of human resources, Rosmarin was head of institutional banking and markets, and Whiteing IT boss.
Turning Around
Commonwealth Bank of Australia is entangled in an ongoing money laundering case. The bank is accused of breaching the Anti-Money Laundering and Counter-Terrorism Financing Act over combined cash deposits of A$624.7 million which passed through the bank's smart ATMs.
Last week, the bank said it was a step closer to a resolution after orders for mediation were made public. The bank was hit with 53,000 breaches of the anti-money laundering and counter terrorism financing act last year.
