CBA poaches strategy head from Morgan Stanley

Source: Commonwealth Bank of Australia

The Commonwealth Bank Group has announced the appointment of Annabel Spring as group head of strategy. Ms Spring's most recent position was managing director, head of global strategy and execution for Morgan Stanley in New York.

She takes over from Ian Narev who was recently appointed to group executive for business and private banking.

The group’s chief executive officer, Ralph Norris said, “I am delighted to have a person of Annabel’s capability join the Commonwealth Bank and our leadership team.  Annabel is a high calibre executive who brings significant financial services and strategic development experience, both within and outside of Australia, to our strategy area”.

Ms Spring has been with Morgan Stanley for nearly 15 years and has worked in New York, Asia and Australia.

Ms Spring will report directly to the CEO and is expected to commence duties in March 2009.

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