Commonwealth Bank’s head of Australian economics, Gareth Aird, has announced his departure from the nation’s largest bank after a 13-year tenure. Aird confirmed his resignation via a LinkedIn post on Thursday, signalling an end to his extensive career at CBA. Commonwealth Bank is a multinational bank providing a range of financial services, including retail, business, and institutional banking, as well as wealth management and insurance products. It serves millions of customers across Australia and internationally.
In his statement, Aird expressed gratitude for his time at CBA, highlighting the relationships he built with colleagues and customers. He also acknowledged the opportunity to lead the team responsible for forecasting the Australian economy’s trajectory and the Reserve Bank of Australia’s outlook. Aird specifically thanked the numerous individuals who supported his career within the Commonwealth Bank.
Aird indicated he intends to spend quality time with his family before pursuing a new “work adventure”. While details of his future plans remain undisclosed, his departure marks the end of a significant chapter in his career within one of Australia’s leading financial institutions. His contributions to the bank’s economic analysis and forecasting will be remembered.
The bank has not yet announced a replacement for Aird. Further details regarding the transition and the new head of Australian economics will be communicated in due course. The departure of such a prominent figure will undoubtedly be felt within CBA and the broader financial community.
