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Commonwealth Bank boss Ian Narev is to step down next year

Commonwealth Bank CEO Ian Narev

Commonwealth Bank CEO Ian Narev Source: AAP

Commonwealth Bank boss Ian Narev is to step down next year and has taken a massive pay cut as the bank deals with allegations of breaches of anti-money-laundering rules.


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Updated

By Maya Jamieson, Ricardo Gonçalves

Source: SBS



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Commonwealth Bank boss Ian Narev is to step down next year and has taken a massive pay cut as the bank deals with allegations of breaches of anti-money-laundering rules.


Despite delivering shareholder wealth during his tenure, Ian Narev has been at the helm of a number of scandals.