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

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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