The Commonwealth Bank of Australia, headquartered in Sydney, is a publicly traded multinational bank that was established in 1911. Its range of offerings encompasses retail, business, and institutional banking, as well as investment and brokerage services, funds management, superannuation, and insurance. As the second-largest company in Australia, it is listed on the Australian Securities Exchange. The bank is led by David J Turner as the chairman and Ian Narev as the CEO and Managing Director. As of 2012, the company has a workforce of 44,844 employees.