New Westpac management team revealed
Gail Kelly has announced the members of her executive team for the new Westpac Group, drawing on her former St George colleagues for key appointments.
Geoff Lloyd, Asgard’s chief executive, will leave his current role to become general manager, advice and private banking, of BT Financial Group. Rob Coombe will remain as chief executive of BT Financial Group.
Greg Bartlett will head up the St George retail and business banks, while Peter Hanlon will head up Westpac’s retail and business banks.
St George chief financial officer Michael Cameron, and the current group executive of St George’s retail bank, Les Matheson, will leave the group on December 1.
Andrew Carriline will step into the role of managing director, risk management, for the merged group, after 18 months as acting chief risk officer for Westpac. Rob Whitfield will be group executive, risk management, while Greg Targett, currently St George chief risk officer, will become deputy chief risk officer for the Westpac Group.
St George’s current group executive, technology, Paul Newham, will become chief operating officer of product and operations.
In other key roles, Peter Clare will head up product and operations for the group, while Phil Chronican will lead institutional banking.
Phil Coffey will be chief financial officer for the merged entity, while Bruce McLachlan will be acting chief executive of Westpac New Zealand.
Rob Chapman will remain as managing director of BankSA.
More appointments will be announced over the coming weeks. The merger will come into effect on December 1.
Recommended for you
Financial Services Minister, Stephen Jones, has assured the cost and time to enter the financial advice profession will soon be halved, as shadow treasurer Angus Taylor pledges to reach 30,000 advisers.
The positive results of the latest financial adviser exam have helped the advice profession reach 15,600 yet again, according to Wealth Data analysis.
Financial advice firms have told Adviser Ratings they are planning to increase their compliance spend by almost a third, including on enhancements to their cyber security which ASIC has identified as an enforcement priority.
The digital advice platform is officially launching into the financial advice sector, offering up its services to practices as a means of engaging with the next generation of clients.
