Briefs: CBA completes Colonial sale, new AMP CTO 02 December 2021 5:45AM Banking Day staff M&A, CBA, Appointments, AMP Bank New AMP CTO Felicia Trewin Commonwealth Bank has completed the sale of a 55 per cent interest in its superannuation and investment business Colonial First State to investment company KKR & Co. The bank said the sale would increase capital by around A$1.47 billion, resulting in a 32 basis point increase in the group’s common equity tier 1 capital ratio. CFS announced that it will invest $430 million in the business over the next four years to upgrade technology and services. AMP has appointed Felicia Trewin as its chief technology officer. Trewin joins AMP from AustralianSuper where she was group executive, technology and services, since 2018. She will be responsible for leading the adoption of digital and data technology in the company’s wealth and banking businesses.
