The Chief Executive Officer of the Commonwealth Bank of Australia, Ian Narev, today announced the appointment of Rowan Munchenberg as the new Managing Director of Bankwest. Mr Munchenberg replaces Rob De Luca who recently resigned and leaves Bankwest at the end of the year.

Mr Munchenberg joined the Commonwealth Bank in 2001 and has had broad experience through a number of senior executive roles across retail, business and institutional banking businesses.  He currently resides in Johannesburg, where he has been leading CBA’s South African business and building its digital growth strategy. Before joining CBA, Mr Munchenberg held senior product and leadership positions in Telstra, including CEO of BigPond.

Mr Narev said: “Rowan is a values-driven and people focused leader. This, coupled with his expertise in technology and innovation, make him the ideal person to lead Bankwest. Under Rowan's leadership, we remain committed to investing in Bankwest's unique brand and customer proposition.”

Mr Munchenberg will relocate to Perth and commence as Managing Director on 30 January 2017.