David Cohen to step down as CBA Deputy CEO

David Cohen will end his function as Deputy CEO of the Commonwealth Financial institution on 31 December 2023.

In November 2018, Mr Cohen was appointed to the newly created function of Deputy CEO which was designed to assist the financial institution’s efforts to simplify its portfolio and improve deal with buyer remediation and complaints.

With the current announcement of the meant sale of CBA’s Indonesian subsidiary, PT Financial institution Commonwealth, and substantial progress on legacy buyer remediation applications, the work of the Deputy CEO has been efficiently achieved and subsequently the function is not required.

Mr Cohen will proceed to function CBA’s consultant on the Board of PT Financial institution Commonwealth throughout its sale transition, and stay a director of ASB, the Group’s New Zealand banking and funds administration companies.

David Cohen joined CBA in 2008 and through his 15 years of service he has held the roles of Group Normal Counsel, Group Govt Human Assets, Group Govt Company Affairs and Chief Threat Officer.