A major lender has announced its acting chief financial officer (CFO) will now take on the role permanently.
Alan Docherty has been acting in the role since May of this year after the former CFO left for Hong Kong.
Prior to this, Docherty was 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, Docherty worked in PwC’s Financial Services practice in the United Kingdom, and with Arthur Andersen and Ernst & Young in Sydney.
CBA chief executive officer Matt Comyn said the appointment followed a thorough global and local search for the role.
He said, “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.
“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.”
The appointment follows a number of changes to CBA’s executive leadership team. As announced in June, Pascal Boillat joined CBA as group executive enterprise services and chief information officer on 1 October.
Nigel Williams will join the bank on 5 November 2018 as chief risk officer, when David Cohen assumes the role of deputy CEO.
Also during his time at CBA, Docherty was previously chair of CBA Group’s financial services diversity council, which is responsible for designing and executing the diversity and inclusion strategy across more than 2,000 CBA Group employees.
