CBA announces CFO appointment

Commonwealth Bank (CBA) has announced the appointment of Alan Docherty as chief financial officer (CFO).

Mr Docherty has been serving as acting CFO since May, following the resignation of Rob Jesudason.

Prior to taking the helms as group CFO, Mr Docherty served as CFO of the institutional banking and markets division and held senior roles in group finance, group treasury and the business and private bank.

Before joining CBA, Mr Docherty worked in PwC’s financial services practice in the United Kingdom, and with Arthur Andersen and Ernst & Young in Sydney.

CBA CEO Matt Comyn said that the appointment followed a thorough global and local search for the role.

“I am delighted to be appointing Alan to the role of CFO. His extensive knowledge of the group and experience in financial services, combined with a strong set of personal values, has made Alan the right choice for this role,” Mr Comyn said.

“Alan has already made a significant contribution to the executive leadership team over the past five months as we have made changes to become a simpler, better bank.

“Having worked in both the UK and Australia, as well as across all the major divisions of CBA since 2003, Alan has deep and extensive knowledge of our business combined with a clear customer focus.”

Mr Docherty’s appointment follows a number of changes to CBA’s executive leadership team, which include the appointments of Pascal Boillat as group executive enterprise services and chief information officer on 1 October, and the appointment of Nigel Williams as chief risk officer, who will join the bank on 5 November when David Cohen assumes the role of deputy CEO.

[Related: CBA CFO resigns with immediate effect]