Norris shakes up Commbank

New Commonwealth Bank CEO Ralph Norris has reorganised the senior management team at the bank with Michael Katz, the bank’s group executive, premium business services, leaving the bank and several other executives being moved to other areas. Mr Katz was considered to be the chief rival to Mr Norris for the CEO position. Head of retail banking Hugh Harley has been moved to strategy and out of direct operational duties. A significant number of CBA executives just below the executive committee have left the bank over the last nine months, many taking jobs at NAB.

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