Ex-Commonwealth Bank CEO Narev joining Australian job portal Seek
(Adds background on Narev)
April 2 (Reuters) - The former chief executive of
Commonwealth Bank of Australia (CBA) is returning to
corporate life with job search website Seek Ltd after
stepping down a year ago from the lender following an
unprecedented money-laundering lawsuit.
Seek said on Tuesday that Ian Narev, who was CEO of
Australia's largest bank from 2011 until his retirement last
year, is joining Seek as group chief operating officer and chief
executive of its Asia Pacific and Americas division later this
His tenure as the chief of CBA was overshadowed by a money-
laundering lawsuit that resulted in the bank shelling out A$700
million in penalties.
The scandal, among other revelations of banking misconduct
by the country's largest banks, triggered a year-long Royal
Commission inquiry into the financial sector that ended in
February this year.
In his new role, Narev will work closely with Seek's CEO and
co-founder Andrew Bassat.
(Reporting by Nikhil Kurian Nainan in Bengaluru; Editing by
Darren Schuettler and Muralikumar Anantharaman)
First Published: 2019-04-02 04:34:42
Updated 2019-04-02 05:31:03
© 2019 Thomson Reuters. All rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. "Reuters" and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.