CBA's Vittoria Shortt to take up ASB reins in February

Vittoria Shortt was talked up by AFR yesterday.

Commonwealth Bank of Australia group marketing and strategy executive Vittoria Shortt will take charge of the lender's New Zealand subsidiary ASB Bank in February.

ASB chief executive Barbara Chapman announced her retirement in October, and CBA today said Shortt would succeed her in February next year. Shortt currently reports directly to CBA group chief Ian Narev, overseeing the Australian lender's corporate strategy, marketing, customer data and advocacy, and merger and acquisitions.

"The board conducted an extensive search to identify the person most capable of leading ASB and building on the considerable momentum we have achieved under Barbara's leadership over the past seven years," ASB chair Gavin Walker said in a statement. "Vittoria is an accomplished, values-driven leader with an outstanding record of profitably growing businesses, delivering innovative solutions and managing complex business units."

The Australian Financial Review talked up Shortt as a top contender for the job in its Street Column yesterday, having previously identified her as an obvious contender.

Australia's biggest lender is going through a reshuffle of senior executive roles with group head Ian Narev leaving in July and the recent departures of chief financial officer David Craig, chief risk officer Alden Toevs and wealth management executive Annabel Spring.

(BusinessDesk)


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Let's hope she comes with a more modern and digital friendly focus, and improves NZ's appalling online access to foreign sharemarkets.

We are truly in the dark ages in NZ when it comes to access from the current NZ brokerage offerings. Phone and overnight orders like the mobile brick phone are from the 1980's.
NZ + ASX is a very small percentage of what we should have ready available access online to.

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With the Royal Commission under way in AU, let's see how the banks go. Norris and Norris 2.0 I mean Narev must be worried. Oh wait, terms of reference by the dud investigation will probably be their saviours

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Pretty soon we are going to have to call for diversity of the male kind if some companies keep picking 'the girls' for the top jobs.

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I have no problem with it, if they're the best person for the job, and not just picked because it's now seen as a push to get more woman in these jobs, just for pc reasons. That would be stupid.

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They picked the wrong person

Senior Manager Steve Jurkovich was the better and safer option. Hopefully he will still stay on at ASB - if he doesn't they will lose a top manager highly respected in the market place and by the ASB staff.

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Really. She's a good pick. You know she is a kiwi with leadership roles across at head office & their bankwest brand +

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