Shaw and Partners was delighted to host Ian Narev, MD and CEO of Commonwealth Bank of Australia, in the Shaw and Partners Head Office this morning.

The presentation was hosted by John Bowie Wilson, Vice Chairman and Mike Ryan, Head of Equities at Shaw and Partners.

Ian Narev presented to the Shaw and Partners adviser network on the company’s half year results for FY18.  The company reported a record net profit of nearly $4.9bn for the half year and paid shareholders an impressive $2 dividend for the period.

Mr Narev, who has been CBA’s CEO for nearly 7 years during a very strong growth period for the bank, covered a wide range of topics, including the underlying state of the Australian economy, the housing market outlook and some of the issues facing the banking industry, notably the latest Royal Commission and the company’s need to embrace technological change to keep ahead of the wave of change affecting the industry.

Mr Narev, who announced last August he would retire, will be replaced in April by an internal appointment, Matt Comyn, who has been with CBA for nearly 20 years.