Ian Narev: Difference between revisions

Ian M Narev
Ian M Narev
Born	22 April 1967 (age 57); Auckland, New Zealand
Citizenship	New Zealand
Alma mater	University of Auckland; New York University; Cambridge University
Title	CEO, Seek Limited

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Ian Mark Narev (born 22 April 1967) is the CEO of SEEK Limited. He is a former managing director and chief executive officer of the Commonwealth Bank Group commencing these roles on 1 December 2011^[2] and being succeeded by Matt Comyn.

Narev was educated at Auckland Grammar School in New Zealand and holds an undergraduate degree from the University of Auckland as well as graduate degrees from Cambridge University and New York University.^[3]

From 1998 until 2007, Ian worked at McKinsey & Company, in the New York, Sydney and Auckland offices. He left to join the Commonwealth Bank.^[4] On April 1, 2019 Narev was announced as the COO and CEO of the Asia-Pacific and Americas division of the Australian-based job-board SEEK.^[5]

Personal life

Ian Narev was born in Auckland to a Jewish family.^[6] As a child, he starred in a New Zealand television series Children of Fire Mountain.^[7]

He lives in Australia with his wife Frances and their three daughters, Emilia, Zoe, and Alexandra.

Commonwealth Bank scandals

On 7 March 2016 Narev formally apologised to customers following a 2014 exposé by ABC TV Four Corners and Fairfax journalists into serious irregularities concerning the refusal of claims of dying and seriously ill clients by the insurance arm of the Commonwealth Bank.^[8]^[9]^[10] On 14 August 2017, Narev announced he would step down as Commonwealth Bank CEO within a year amid allegations the bank breached anti-money laundering laws on almost 54,000 occasions.^[11]^[12]

References

^ Ian Narev to take helm of CBA Archived 30 June 2015 at the Wayback Machine
^ Commonwealth Bank of Australia appoints Ian Narev as next CEO
^ "Executive profile-Ian Narev". Bloomberg BusinessWeek. Retrieved 6 March 2013.^{[dead link]}
^ "Spotlight On: Ian Narev, CEO, Commonwealth Bank of Australia". 2013.
^ "Commonwealth Bank's former boss Ian Narev gets new job at SEEK". ABC News. Australia. 2 April 2019. Retrieved 9 September 2019.
^ "How a family's journey made Ian Narev". Financial Review. 7 June 2012.
^ "Children of Fire Mountain". IMDb.
^ "CommInsure: Who's who in the Commonwealth Bank's life insurance scandal?". Four Corners. Australian Broadcasting Corporation. 8 March 2016. Retrieved 6 October 2017.
^ Ferguson, Adele (5 May 2014). "Banking Bad" (transcript). Four Corners. Australian Broadcasting Corporation. Retrieved 1 March 2018.
^ Janda, Michael (4 July 2014). "Commonwealth Bank boss Ian Narev says sorry for multi-million-dollar financial planning scandal". ABC News. Australia. Retrieved 1 March 2018.
^ "CBA chief Ian Narev to step down within a year". Herald Sun. 14 August 2017. Retrieved 6 October 2017.
^ "Commonwealth Bank will take months to respond to AUSTRAC money laundering case". ABC News. Australia. 4 September 2017. Retrieved 6 October 2017.

External links

Business positions
Preceded by Ralph Norris	chief executive officer of the Commonwealth Bank of Australia 2011 – 2018	Succeeded by Matt Comyn

[1] Ian Narev to take helm of CBA Archived 30 June 2015 at the Wayback Machine

[CEO-2] Commonwealth Bank of Australia appoints Ian Narev as next CEO

[3] "Executive profile-Ian Narev". Bloomberg BusinessWeek. Retrieved 6 March 2013.^{[dead link]}

[4] "Spotlight On: Ian Narev, CEO, Commonwealth Bank of Australia". 2013.

[5] "Commonwealth Bank's former boss Ian Narev gets new job at SEEK". ABC News. Australia. 2 April 2019. Retrieved 9 September 2019.

[6] "How a family's journey made Ian Narev". Financial Review. 7 June 2012.

[7] "Children of Fire Mountain". IMDb.

[8] "CommInsure: Who's who in the Commonwealth Bank's life insurance scandal?". Four Corners. Australian Broadcasting Corporation. 8 March 2016. Retrieved 6 October 2017.

[9] Ferguson, Adele (5 May 2014). "Banking Bad" (transcript). Four Corners. Australian Broadcasting Corporation. Retrieved 1 March 2018.

[10] Janda, Michael (4 July 2014). "Commonwealth Bank boss Ian Narev says sorry for multi-million-dollar financial planning scandal". ABC News. Australia. Retrieved 1 March 2018.

[11] "CBA chief Ian Narev to step down within a year". Herald Sun. 14 August 2017. Retrieved 6 October 2017.

[12] "Commonwealth Bank will take months to respond to AUSTRAC money laundering case". ABC News. Australia. 4 September 2017. Retrieved 6 October 2017.

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@@ Line 1: / Line 1: @@
-{{Use dmy dates|date=April 2012}}
+{{Use dmy dates|date=September 2019}}
-{{Use New Zealand English|date=April 2012}}
+{{EngvarB|date=September 2019}}
 {{Infobox person
 | name        = Ian M Narev
-| citizenship = {{NZL}}<ref>[http://finance.ninemsn.com.au/newsbusiness/aap/8276122/ian-narev-to-take-helm-of-cba Ian Narev to take helm of CBA] {{webarchive|url=https://web.archive.org/web/20150630075514/http://finance.ninemsn.com.au/newsbusiness/aap/8276122/ian-narev-to-take-helm-of-cba |date=30 June 2015 }}</ref>
+| citizenship = New Zealand<ref>[http://finance.ninemsn.com.au/newsbusiness/aap/8276122/ian-narev-to-take-helm-of-cba Ian Narev to take helm of CBA] {{webarchive|url=https://web.archive.org/web/20150630075514/http://finance.ninemsn.com.au/newsbusiness/aap/8276122/ian-narev-to-take-helm-of-cba |date=30 June 2015 }}</ref>
-| salary      = AUD 12,300,000<ref>{{Cite web |url=http://www.news.com.au/finance/business/banking/commonwealth-bank-chief-executive-ian-narev-takes-home-123-million/news-story/90bb4fd01d3812e6d27fe7398cf1dee8 |title=Commonwealth Bank chief executive Ian Narev takes home $12.3 million}}</ref>
 | image       =
-| image_size  =
 | caption     =
-| birth_date  =  {{Birth date and age|1967|04|22|df=y}}
+| birth_date  = {{Birth date and age|df=y|1967|04|22}}
 | birth_place = Auckland, New Zealand
 | death_date  =
 | death_place =
 | alma_mater  = [[University of Auckland]]<br />[[New York University]]<br />[[Cambridge University]]
+| title       = CEO, [[Seek Limited]]
-| occupation  = Managing Director and Chief Executive Officer
-| employer    = [[Commonwealth Bank|Commonwealth Bank of Australia]]
 }}
-'''Ian Mark Narev''' (born April 22, 1967) is the Managing Director and Chief Executive Officer of the [[Commonwealth Bank|Commonwealth Bank Group]] commencing these roles on 1 December 2011.<ref name="CEO">[http://www.theaustralian.com.au/business/financial-services/commonwealth-bank-of-australia-appoints-ian-narev-as-next-ceo/story-fn91wd6x-1226099542948 Commonwealth Bank of Australia appoints Ian Narev as next CEO]</ref>
+'''Ian Mark Narev''' (born 22 April 1967) is the CEO of SEEK Limited. He is a former managing director and chief executive officer of the [[Commonwealth Bank]] Group commencing these roles on 1 December 2011<ref name="CEO">[http://www.theaustralian.com.au/business/financial-services/commonwealth-bank-of-australia-appoints-ian-narev-as-next-ceo/story-fn91wd6x-1226099542948 Commonwealth Bank of Australia appoints Ian Narev as next CEO]</ref> and being succeeded by [[Matt Comyn]].
-Narev was educated at [[Auckland Grammar School]] in New Zealand and holds an undergraduate degree from the [[University of Auckland]] as well as graduate degrees from [[Cambridge University]] and [[New York University]].<ref>{{cite web|url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=52511115&ticker=CBA:AU&previousCapId=109809&previousTitle=ROYAL%20BANK%20OF%20CANADA|title=Executive profile-Ian Narev|publisher=Businessweek|accessdate=6 March 2013}}</ref>
+Narev was educated at [[Auckland Grammar School]] in New Zealand and holds an undergraduate degree from the [[University of Auckland]] as well as graduate degrees from [[Cambridge University]] and [[New York University]].<ref>{{cite web|url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=52511115&ticker=CBA:AU&previousCapId=109809&previousTitle=ROYAL%20BANK%20OF%20CANADA|title=Executive profile-Ian Narev|work=Bloomberg BusinessWeek|access-date=6 March 2013}}{{dead link|date=April 2023|bot=medic}}{{cbignore|bot=medic}}</ref>
+From 1998 until 2007, Ian worked at [[McKinsey & Company]], in the New York, Sydney and Auckland offices. He left to join the Commonwealth Bank.<ref>{{Cite web |year=2013 |title=Spotlight On: Ian Narev, CEO, Commonwealth Bank of Australia |url=https://alumni.mckinsey.com/public_content/500168632}}</ref> On April 1, 2019 Narev was announced as the [[Chief operating officer|COO]] and CEO of the Asia-Pacific and Americas division of the Australian-based job-board  [[Seek Limited|SEEK]].<ref>{{cite web |date=2 April 2019 |title=Commonwealth Bank's former boss Ian Narev gets new job at SEEK |url=https://www.abc.net.au/news/2019-04-02/former-cba-boss-ian-narev-gets-a-new-job-at-seek/10962240 |access-date=9 September 2019 |work=[[ABC News (Australia)|ABC News]] |location=Australia}}</ref>
-==Early life and career==
-Ian Narev was born in Auckland to a Jewish family.<ref>{{cite web|url=http://www.afr.com/business/how-a-familys-journey-made-ian-narev-20120607-j5zwc|title=How a family’s journey made Ian Narev|publisher=Financial Review|date=7 June 2012}}</ref> As a child, he starred in a New Zealand television series [[Children of Fire Mountain]].<ref>{{Cite web |url=http://www.imdb.com/title/tt1232875/?ref_=nm_flmg_act_1 |title=Children of Fire Mountain}}</ref>
+==Personal life==
-From 1998 through 2007, Ian worked at [[McKinsey & Company]], in the New York, Sydney and Auckland offices. He left to join the Commonwealth Bank.<ref>{{Cite web |url=https://alumni.mckinsey.com/public_content/500168632 |title=Spotlight On: Ian Narev, CEO, Commonwealth Bank of Australia |year=2013}}</ref>
+Ian Narev was born in Auckland to a Jewish family.<ref>{{cite web|url=http://www.afr.com/business/how-a-familys-journey-made-ian-narev-20120607-j5zwc|title=How a family's journey made Ian Narev|publisher=Financial Review|date=7 June 2012}}</ref> As a child, he starred in a New Zealand television series [[Children of Fire Mountain]].<ref>{{Cite web |url=https://www.imdb.com/title/tt1232875/?ref_=nm_flmg_act_1 |title=Children of Fire Mountain|website=[[IMDb]] }}</ref>
+He lives in Australia with his wife Frances and their three daughters, Emilia, Zoe, and Alexandra.
-==Commonwealth Bank scandals==
+==Commonwealth Bank scandals==
-On 7 March 2016 Narev formally apologised to customers following a 2014 [[Exposé (journalism)|exposé]] by [[ABC (Australian TV channel)|ABC TV]] ''[[Four Corners (Australian TV program)|Four Corners]]'' and [[Fairfax Media|Fairfax]] journalists into serious irregularities concerning the refusal of claims of dying and seriously ill clients by the insurance arm of the Commonwealth Bank.<ref>{{Cite web|url=http://www.abc.net.au/news/2016-03-07/comminsure-scandal-whos-who-four-corners/7226576|title=CommInsure: Who's who in the Commonwealth Bank's life insurance scandal?|work=[[Four Corners (Australian TV program)|Four Corners]] |publisher=[[Australian Broadcasting Corporation]]|date=8 March 2016|accessdate=6 October 2017}}</ref><ref>{{cite news |url=http://www.abc.net.au/4corners/banking-bad/5433156 |title=Banking Bad |work=[[Four Corners (Australian TV program)|Four Corners]] |publisher=[[Australian Broadcasting Corporation]] |author=Ferguson, Adele |date=5 May 2014 |accessdate=1 March 2018 |format=transcript }}</ref><ref>{{cite news |url=http://www.abc.net.au/news/2014-07-03/commonwealth-bank-responds-to-financial-planning-inquiry/5568504 |title=Commonwealth Bank boss Ian Narev says sorry for multi-million-dollar financial planning scandal |work=[[ABC News (Australia)|ABC News]] |location=Australia |author=Janda, Michael |date=4 July 2014 |accessdate=1 March 2018 }}</ref> On 14 August 2017, Narev announced he would step down as Commonwealth Bank CEO within a year amid allegations the bank breached anti-money laundering laws on almost 54,000 occasions;<ref>{{Cite web|url=http://www.heraldsun.com.au/business/cba-chief-ian-narev-to-step-down-within-a-year/news-story/ce3c0cbca3e1560d87336241994098c0|title=CBA chief Ian Narev to step down within a year|publisher=heraldsun.com.au|date=14 August 2017|accessdate=6 October 2017}}</ref><ref>{{Cite web|url=http://www.abc.net.au/news/2017-09-04/commonwealth-bank-will-take-months-to-respond-to-austrac/8869706|title=Commonwealth Bank will take months to respond to AUSTRAC money laundering case|work=[[ABC News (Australia)|ABC News]] |location=Australia|date=4 September 2017|accessdate=6 October 2017}}</ref> and the above fraud scandal that left thousands of CBA customers millions of dollars out of pocket.
+On 7 March 2016 Narev formally apologised to customers following a 2014 [[Exposé (journalism)|exposé]] by [[ABC (Australian TV channel)|ABC TV]] ''[[Four Corners (Australian TV program)|Four Corners]]'' and [[Fairfax Media|Fairfax]] journalists into serious irregularities concerning the refusal of claims of dying and seriously ill clients by the insurance arm of the Commonwealth Bank.<ref>{{Cite web|url=http://www.abc.net.au/news/2016-03-07/comminsure-scandal-whos-who-four-corners/7226576|title=CommInsure: Who's who in the Commonwealth Bank's life insurance scandal?|work=[[Four Corners (Australian TV program)|Four Corners]] |publisher=[[Australian Broadcasting Corporation]]|date=8 March 2016|access-date=6 October 2017}}</ref><ref>{{cite news |url=http://www.abc.net.au/4corners/banking-bad/5433156 |title=Banking Bad |work=[[Four Corners (Australian TV program)|Four Corners]] |publisher=[[Australian Broadcasting Corporation]] |author=Ferguson, Adele |date=5 May 2014 |access-date=1 March 2018 |format=transcript }}</ref><ref>{{cite news |url=http://www.abc.net.au/news/2014-07-03/commonwealth-bank-responds-to-financial-planning-inquiry/5568504 |title=Commonwealth Bank boss Ian Narev says sorry for multi-million-dollar financial planning scandal |work=[[ABC News (Australia)|ABC News]] |location=Australia |author=Janda, Michael |date=4 July 2014 |access-date=1 March 2018 }}</ref> On 14 August 2017, Narev announced he would step down as Commonwealth Bank CEO within a year amid allegations the bank breached anti-money laundering laws on almost 54,000 occasions.<ref>{{Cite web|url=http://www.heraldsun.com.au/business/cba-chief-ian-narev-to-step-down-within-a-year/news-story/ce3c0cbca3e1560d87336241994098c0|title=CBA chief Ian Narev to step down within a year|work=Herald Sun|date=14 August 2017|access-date=6 October 2017}}</ref><ref>{{Cite web|url=http://www.abc.net.au/news/2017-09-04/commonwealth-bank-will-take-months-to-respond-to-austrac/8869706|title=Commonwealth Bank will take months to respond to AUSTRAC money laundering case|work=[[ABC News (Australia)|ABC News]] |location=Australia|date=4 September 2017|access-date=6 October 2017}}</ref>
 ==References==
@@ Line 34: / Line 32: @@
 ==External links==
-*[http://www.commbank.com.au/about-us/our-company/management/group-executive-profiles/ian-narev.aspx Commonwealth Bank Group Executive Profile]
+*[http://www.commbank.com.au/about-us/our-company/management/group-executive-profiles/ian-narev.aspx Commonwealth Bank Group Executive Profile]{{Dead link|date=August 2024 |bot=InternetArchiveBot |fix-attempted=yes }}
 *[http://www.heraldsun.com.au/business/commonwealth-bank-chief-ian-narev-earns-21700-a-day/story-fni0dcne-1227028599009 Commonwealth Bank chief Ian Narev earns $21,700 a day]
@@ Line 40: / Line 38: @@
 {{s-bus}}
 {{s-bef |before= [[Ralph Norris]]}}
-{{s-ttl |title = [[File:Commonwealth Bank.svg|72px|link=Commonwealth Bank]]     [[Commonwealth Bank|Chief Executive Officer<br>of the Commonwealth Bank of Australia]] | years = 2011{{spaced ndash}}}}
+{{s-ttl |title = [[Commonwealth Bank|chief executive officer<br>of the Commonwealth Bank of Australia]] | years = 2011{{spaced ndash}} 2018}}
+{{s-aft |after= [[Matt Comyn]]}}
-{{s-inc}}
 {{end}}
@@ Line 48: / Line 46: @@
 {{DEFAULTSORT:Narev, Ian}}
 [[Category:New Zealand businesspeople]]
-[[Category:Australian businesspeople]]
-[[Category:Australian bankers]]
 [[Category:Living people]]
 [[Category:1967 births]]
@@ Line 55: / Line 51: @@
 [[Category:Alumni of the University of Cambridge]]
 [[Category:New York University alumni]]
+[[Category:McKinsey & Company people]]
 [[Category:University of Auckland alumni]]
+[[Category:People educated at Auckland Grammar School]]

v t e Commonwealth Bank
Subsidiaries	ASB Bankwest Commonwealth Bank Colonial First State (45%) CommSec Sovereign Limited
Former subsidiaries	CBHS Health Fund Colonial First State Global Asset Management
Notable people	Catherine Livingstone (Chairman) Matt Comyn (CEO) Craig James (CommSec Chief Economist)
Former notable people	See Former executive leadership of the Commonwealth Bank
Related	Bank of Hangzhou