Commonwealth Bank of Australia announced changes to CBA Group's senior executive team. Alden Toevs, who was appointed Group Chief Risk Officer in June 2008, has given notice of his intention to retire from the role at the end of the 2016 financial year. David Cohen, currently Group General Counsel and Group Executive Group Corporate Affairs, will assume the role of Group Chief Risk Officer following Mr. Toevs' retirement from the role.

David is an outstanding executive, and has been a broad contributor to the Group Executive Committee during his eight years as General Counsel, and more recently also as leader of Corporate Affairs team.