Ian Narev may be relatively young but he will be backed by a wealth of experience when he takes over the top job at Australia's biggest bank in December.
New Zealand-born Mr Narev, 44, is to replace compatriot Ralph Norris as chief executive of the Commonwealth Bank of Australia, making him the second-youngest CEO to lead one of Australia's top four banks.
He is just one year older than National Australia Bank CEO Cameron Clyne, who was 40 when he took on the top job in January 2009.
Mr Narev will take over from Mr Norris, 62, who surprised investors with his announcement to retire almost a year earlier than previously expected and before his ambitious $1.2 billion technology upgrade is completed.
While not a career banker, Mr Narev has a background in law with two masters degrees under his belt from prestigious institutions in the US and UK.
He graduated with a masters of law in international corporate law with first class honours from Cambridge University in 1994 and a masters of laws in international relations from New York University in 1998.
Mr Narev joined global consultancy firm McKinsey & Co's New York offices in 1998.
Previously, he worked as a lawyer specialising in mergers and acquisitions.
He was made global partner in 2003 after working in McKinsey's Auckland and Sydney offices and was head of the New Zealand office for two years until leaving to join CBA in 2007 as the bank's head of strategy.
Mr Narev went on to be made head of CBA's business-banking division two years ago.
Since joining CBA, his career highlights include leading the group's $2 billion takeover of Bankwest in 2008 and another deal to score a large stake in Aussie Home Loans.
Mr Narev lives in Sydney with his wife and two daughters.
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