Corporate Counsel

Lawyer appointed Commonwealth Bank deputy CEO

A former Allens partner and corporate counsel has been named deputy chief executive of Australia’s largest bank.

June 25, 2018 • By Aleks Vickovich

David Cohen has been named as deputy CEO today in a restructure of the Commonwealth Bank’s executive leadership.

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Mr Cohen was previously chief risk officer and general counsel at the bank, leading the company’s legal operations throughout a number of parliamentary inquiries into its troubled financial planning arm as well as the commencement of the banking royal commission.

He previously held counsel roles at AMP and was a partner at Allens Arthur Robinson for 12 years prior to going corporate.

He will lead a major project of the bank, with the demerger of wealth management and mortgage broking assets, announced by CEO Matt Comyn today.

ANZ’s former chief risk officer, Nigel Williams, has been recruited to take Mr Cohen’s job as chief risk officer of CBA.

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“This team will be critical to continuing the changes and improvements we need to make to earn the trust of our customers and the community and build a better bank for the future,” Mr Comyn said in announcing the executive changes.