The Commonwealth Bank has announced the resignation of Group Executive Retail Banking Services, Ross McEwan, after he accepted the role as Chief Executive Officer, UK Retail with the Royal Bank of Scotland.

 

Mr McEwan has been with the bank since 2003, having occupied the position of Group Executive Retail Banking Services since 2007.

 

Commonwealth Bank CEO, Ian Narev, thanked Mr McEwan for the ‘significant contribution’ that he hade to the bank.

 

“For the last five years he has been a highly valued member of the Group’s Executive Committee. During that time, his leadership of Retail Banking Services has led to all-time highs in customer satisfaction, a strong performance for shareholders and a high level of people engagement,” Mr Narev said.

 

The bank has yet to make an announcement for a replacement, but Mr Narev has indicated the bank will conduct a global search for a candidate.