Commonwealth Bank eyes global securities finance growth
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Commonwealth Bank eyes global securities finance growth 13 May 2020London Reporter: Drew Nicol
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The Commonwealth Bank of Australia (CBA) is bolstering its international securities finance teams as part of plans to grow its business globally.
The bank recently made an appointment to its European team shortly after building out its Americas office.
Earlier this month, the bank welcomed Naomi Kirwan from ING who has been brought on to focus on CBA鈥檚 securities financing activities in Europe.
More broadly, a spokesman for CBA says Kirwan鈥檚 role will consist of supporting both new and existing clients in the global securities finance (GSF) space.
Based in London, she reports to Russell Simpson, CBA's global head of GSF.
Prior to CBA, Kirwan was a director in GSF at ING for more than four years.
Before that, she served as a vice president at Bank of America Merrill Lynch.
The appointment comes shortly after CBA moved Shelby Kaye internally from the treasury to its GSF team in New York in order to expand the business in the Americas.
The spokesperson tells SLT that the hires are part of a global strategy to grow the GSF business at CBA internationally.
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