Monique Macleod, currently the Bank’s Chief Marketing Officer, has been appointed as the new Group Executive Marketing and Corporate Affairs, following an extensive domestic and international recruitment search and will step into the role in mid‑September, subject to regulatory approvals.

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Mr Comyn said: “As part of Marketing and Corporate Affairs senior leadership team, Monique has played a vital role in the revitalisation of the Commonwealth Bank brand and reputation over the past few years.

“Monique has brought teams together to directly influence how we engage retail and business customers, communicate with stakeholders and the broader community, and manage brand and reputation issues. Under her leadership, we have increased brand consideration, refreshed our brand for the first time in almost 30 years, and positioned the organisation as the largest supporter of women’s sport ever.

“Having been part of CBA for more than a decade, Monique is a seasoned executive who deeply knows and understands the Bank and our customers. Her extensive experience and significant contributions to the execution of our strategy, combined with her strong set of personal values, made Monique the right choice for this important role. Her appointment will help us continue the improvements we need to be a better bank for the future. I look forward to welcoming Monique to my executive team.”