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Major bank seeks new private banking head
08/08/2014 , News Team

Commonwealth Bank of Australia is searching for a new head for its business and private banking division after incumbent chief execuitve Grahame Petersen announced he will retire at the end of this year

Chief executive Ian Narev said Mr Petersen had been discussing with him his intention to retire.

“Grahame (Petersen) has made a significant contribution to the group, always demonstrating the benefit of his experience, strategic thinking and people focus,” Mr Narev said in a statement.

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