St George loses CEO to Westpac
St George Bank is on the hunt for a new chief executive following the departure of Gail Kelly, who has accepted the role of chief executive with the Westpac Banking Corporation.
The head of St George’s retail bank and wealth management division, Paul Fegan, will assume chief executive responsibilities in the interim.
The search for a permanent replacement will include considerations of both internal and external candidates.
Kelly will be succeeding David Morgan at Westpac, who has been its chief executive since 1999.
She was appointed head of St George in December 2001 and became managing director in January 2002.
Prior to joining St George, Kelly was with the Commonwealth Bank ofAustralia as head of its customer service division.
Recommended for you
Technology firm Iress and investment manager Challenger have formed a strategic partnership to launch an adviser solution to better serve their retiring clients.
There have only been a “handful” of opportunities in the last 20 years when infrastructure has looked as cheap relative to equities as it does now, according to Lazard, making it a viable option to provide portfolio security amid market volatility.
The Australian Financial Complaints Authority has reported an 18 per cent increase in investment and advice complaints received in the financial year 2025, rebounding from the previous year’s 26 per cent dip.
EY has broken down which uses of artificial intelligence are presenting the most benefits for wealth managers as well as whether it will impact employee headcounts.

