Commbank boss David Turner upgrades in Mosman without a mortgage: Title Tattle
The chairman of the Commonwealth Bank, David Turner, and his wife, Julia have upgraded Mosman abodes, without the bother of finding finance for the new home. They pocketed $5.7 million and spent exactly $10 million on their unencumbered beachfront reserve house.
It was bought from the Royal Bank of Scotland's head of Australian equities operations, Randolf Clinton. Turner was appointed to the Commonwealth Bank board in 2006 and has been chairman since February 2010. His extensive experience in finance, international business and governance has included Cobham Plc, Brambles Limited and Mobil Oil.