Commonwealth Bank chair Paul O’Malley has signalled that chief executive Matt Comyn is likely to remain in the job for another three years, which would mean serving for a decade as the boss of Australia’s largest bank.

Speaking to CBA shareholders at the bank’s annual meeting on Wednesday, O’Malley said he intended to stand for his final three-year term as chair, with the support of the board.

O’Malley added that the next chair would appoint the successor to Comyn, who has been the CEO of CommBank since April 2018.

“One of the board’s key roles is appointing the CEO and ensuring appropriate succession plans. We have been pleased with the performance of Matt as CEO,” O’Malley said at the meeting in Brisbane.

“As I mentioned, I will stand for re-election today for my final three-year ter

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