Michael Vacy-Lyle has been the Commonwealth Bank’s group executive for business banking since February 2020, and has responsibility for business banking and CommSec.
Prior to joining CBA, Mr Vacy-Lyle spent 18 years at FNB Commercial Banking, a division of the FirstRand Banking Group in South Africa and Africa’s largest commercial bank. He worked across various roles in commercial banking including finance, pricing, product, capital management, sales, and relationship management, until his appointment as chief executive from August 2011 to February 2020. Prior to FNB, Mr Vacy-Lyle worked in London as an investment analyst at a new technology private equity fund, and as a manager in corporate finance at KPMG.
He holds a Bachelor of Commerce (Honours) from the University of KwaZulu-Natal and the University of South Africa, and is a member of the South African Institute of Chartered Accountants.
