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CBA announces advice review program chair

Commonwealth Bank CEO Ian Narev has announced the bank’s appointee to chair its internal review of “poor financial advice” at aligned dealer groups.

In a statement released on Friday, Mr Narev said former High Court judge Ian Callinan has been appointed to the role, in a move he hopes will underscore that the program is about doing “what is right for affected customers”.

“This appointment is crucial to ensure the independence and integrity of the process,” said Mr Narev.

“The Honourable Ian Callinan has demonstrated throughout his career an outstanding ability to understand complex problems from the perspective of their impact on the individual.

“The Independent Review Panel will provide comfort to customers that if they disagree with the assessment, then independent and esteemed experts will determine the right outcome to which the Bank will be bound,” he said.