Sovereign to get new MD

Sovereign managing director Simon Blair is leaving the company and returning to Australia.

Commonwealth Bank chief executive Ralph Norris says Blair has been made the Group Executive, International Financial Services.

Blair has been with Sovereign for the past two and a half years.  Prior to his role at Sovereign, he had a long career as chief executive and chief operating officer of large health care organisations, including international experience through his role as Lead Health Specialist for The World Bank. 

 "I am pleased to have Simon move back to Australia and join the Group's Senior leadership team.  He is a high calibre executive who has a strong background in management and organisational roles," Norris says..