David Cohen to step down as CBA Deputy CEO

David Cohen to step down as CBA Deputy CEO

David Cohen will finish his role as Deputy CEO of the Commonwealth Bank on 31 December 2023.

In November 2018, Mr Cohen was appointed to the newly created role of Deputy CEO which was designed to support the bank’s efforts to simplify its portfolio and increase focus on customer remediation and complaints.

With the recent announcement of the intended sale of CBA’s Indonesian subsidiary, PT Bank Commonwealth, and substantial progress on legacy customer remediation programs, the work of the Deputy CEO has been successfully achieved and therefore the role is no longer required.

Mr Cohen will continue to serve as CBA’s representative on the Board of PT Bank Commonwealth during its sale transition, and remain a director of ASB, the Group’s New Zealand banking and funds management businesses.

David Cohen joined CBA in 2008 and during his 15 years of service he has held the roles of Group General Counsel, Group Executive Human Resources, Group Executive Corporate Affairs and Chief Risk Officer.