has appointed a top senior executive to head up the lender's institutional banking and markets group.
Kelly Bayer Rosmarin, formerly the bank’s executive general manager of corporate banking solutions, will succeed Ian Saines, following his resignation.
CEO Ian Narev said he was delighted to promote an internal candidate to the Group’s senior executive team from a strong pool of both internal and external candidates.
“Kelly is an experienced institutional banker with a client-first management approach, great insight into how technology will continue to benefit the Commonwealth Bank’s institutional clients, and proven experience in risk management. Kelly brings a compelling vision to lead this team. "
Bayer Rosmarin joined the Commonwealth Bank in 2004 and has since held a variety of line roles, as well as playing an important part in many key strategic initiatives, projects, and product launches across the organisation.
Prior to her time at Commonwealth Bank, Bayer Rosmarin was a consultant at The Boston Consulting Group and a director of product strategy and product management at technology firm Peoplesoft in California. She has bachelors and masters degrees in science from Stanford University.
Bayer Rosmarin said the appointment is a great opportunity to grow the institutional and markets business.
She will commence as group executive of institutional banking and markets on 16 December 2013.