CBA makes executive hires

  • By AB+F Editorial

Australia’s largest lender beefs up its executive team with new hires in general counsel as well as in the newly created job of program delivery. 

Former group general counsel of Telstra Carmel Mulhern has been hired as group executive group general counsel and governance. It is anticipated that she will begin with the Commonwealth Bank in January 2020, subject to meeting the regulatory requirements.

At Telstra, Mulhern was responsible for providing legal advice to Telstra's Board, CEO and senior management, as well as being responsible for engagement with stakeholders including government, regulators, media and community.

“Carmel is a respected leader with extensive legal expertise, a proven track record in risk management, a strong focus on doing what is right for customers, and personal and professional values that are aligned with the culture we are building at the bank,” CBA CEO Matt Comyn said. 

Scott Wharton has been appointed to the new role of group executive, program delivery.

Wharton CBA in 2016 and has led the implementation of change programs to upgrade the bank’s technology and regulatory operations. 

Over the past year, he has been reporting directly to the CEO, and has been responsible for ensuring the bank is implementing the recommendations from the APRA Prudential Inquiry report into governance, culture and accountability within CBA.

“We’re making good progress to become a simpler, better bank, but there is more work to be done,” Comyn said

“In this new group executive role, Scott will work with me and my executive leadership team to manage the interdependencies and drive the implementation of these group-wide programs.”