Commonwealth Bank of Australia has played down aggressively pursuing Asian acquisitions or extending outside the four countries in which it operates, despite relocating its Sydney-based international financial services unit employees to Hong Kong. Mr. Rob Jesudason will join ANZ Banking Group's deputy chief for international and institutional banking. Mr. Jesudason - a former investment banker who has worked at Credit Suisse and JPMorgan - was elevated in August to IFS group executive, while keeping his head of strategy role.

He took the IFS reins in November.