The Commonwealth Bank of Australia (CBA) has announced premium business services group executive Stuart Grimshaw has resigned, with his departure scheduled before the end of the year.
Grimshaw will continue to manage premium business services in the interim, but will leave to pursue a new career, which is due to be announced at some stage today, a bank spokesperson said.
Grimshaw is expected to remain within the financial services sector, according to the spokesperson.
Prior to his current position, Grimshaw held other senior roles at CBA, including wealth management group executive, and finance and risk management group executive.
"Stuart has overseen some major transitional changes and also strongly enhanced our business, during his time as leader of two of our major customer-facing business units," CBA chief executive Ralph Norris said.
A replacement for Grimshaw will be announced in due course, he said.
