Fite departs Westpac
Recently promoted Westpac Financial Services chief David Fite is to leave Westpac in April and take up a position in Japan with the Long-Term Credit Bank of Japan.
Recently promoted Westpac Financial Services chief David Fite is to leave Westpac in April and take up a position in Japan with the Long-Term Credit Bank of Japan.
Fite, who was widely tipped as a future candidate for the top job at Westpac, announced his in-tentions yesterday, after six years with the group.
He said the move did not represent any dissatisfaction on his part with the recent management changes to Westpac. Instead, he said it was an ideal opportunity to take a major role in the area of asset management and bank recovery.
Fite had only recently been elevated from his position as managing director of Westapc Financial Services, a position which is now shared between Michael Migro and Shaun Mays. He was ap-pointment to the new position of head of Banking and Financial Services Solutions. He joined Westpac in April 1994 as group treasurer and deputy chief financial officer and later headed Westpac Financial Services.
Fite was also appointed deputy chair of the Investment and Financial Services Association (IFSA) late last year.
His replacement is yet to be announced.
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