NEWS UPDATE: Key executive departs Commonwealth
The Commonwealth Bank has today announced the departure of one of its key senior executives — the group executive of premium business services, Stuart Grimshaw.
Grimshaw, who had also recently been group executive, wealth management, joined the bank in 2002.
Announcing Grimshaw’s departure today, Commonwealth chief executive Ralph Norris said Grimshaw would be leaving the bank prior to the end of the year “to pursue a new and challenging career”.
Norris said an announcement regarding a replacement for Grimshaw would be made in due course.
Recommended for you
A former Victorian financial adviser has been sentenced after stealing $4.4 million from clients, family and friends to feed his “raging gambling addiction”.
Advice licensee Centrepoint Alliance has acquired the financial advice book of superannuation fund Brighter Super and will become the preferred partner to provide advice to its members.
The association has expressed its support for the Opposition’s commitment to making financial advice a “national priority”, alongside its bold target of reaching 30,000 advisers.
Australian investors are increasingly turning to financial advisers as their top source of information, with more than a third using them for investment guidance.