Commonwealth Bank of Australia
Michael Vacy-Lyle is Commonwealth Bank’s Group Executive for Business Banking. He commenced in this role in February 2020, and has responsibility for Business Banking and CommSec.
Prior to joining CBA, Michael was Chief Executive Officer of FNB Commercial Banking, a division of the FirstRand Banking Group in South Africa. Michael spent 18 years at FNB, Africa’s largest commercial bank, working across various roles in commercial banking, including finance, pricing, product, capital management, sales, and relationship management, until his appointment as CEO in August 2011.
Before joining FNB, Michael worked in London as an investment analyst at a new technology private equity fund and then as a manager in corporate finance at KPMG.
He has a Bachelor of Commerce (Hons) from University of KwaZulu-Natal, and the University of South Africa, and is also a member of the South African Institute of Chartered Accountants.
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Commonwealth Bank of Australia
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Commonwealth Bank of Australia is a provider of financial services, including retail, business and institutional banking, funds management, superannuation, general insurance, broking services and finance company activities. The Company's segments include Retail Banking Services, which provides home loan, consumer finance and retail deposit products; Business and Private Banking, which provides banking services to relationship managed business and agribusiness customers; Institutional Banking and Markets, which services its corporate, institutional and government clients; Wealth Management segment, which includes global asset management, platform administration, and general insurance businesses; New Zealand, which includes the banking and funds management businesses operating in New Zealand; Bankwest, which offers a range of deposit products, and IFS and Other Divisions, which includes the Asian retail and business banking operations.