Norris seeks support from CBA rivals
Ralph Norris, incoming chief executive at Commonwealth Bank requested senior members of the management team overlooked for the CEO’s job remain with the bank. Stuart Grimshaw, head of wealth management, is one executive rumoured to be considering leaving the bank. Head of premium business services Michael Katz said speculation about his departure was “rumours”. Norris said CBA’s program, “has to be consistent and has to build on the platform that Which New Bank is going to provide.” Norris may move to Australia to take over from Murray within weeks.