Westpac's Evans to retire
Westpac chairman Ted Evans has announced his retirement. Evans announced he will leave the bank following the 2011 annual general meeting which is due to be held on 14 December 2011. He will be succeeded within the board by the current audit committee chairman, Lindsay Maxsted.
Evans will leave the bank after four years as chairman. He joined Westpac’s board in 2001 and was appointed to the position of chairman in 2007.
“With the success of the St George merger now assured, and the group performing very strongly under our talented and stable management team, I judged the time right to announce my retirement. Lindsay is an enormously experienced and capable director and I know I will leave the chair of this company in the very best hands,” he said.
Maxsted joined the board as director and chairman of the audit committee in 2008.
Recommended for you
ASIC has released the results of its first adviser exam to be held in 2025, with 241 candidates attempting the test.
Quarterly Wealth Data analysis has uncovered positive improvements in financial adviser numbers compared with losses in the prior corresponding period.
Holding portfolios that are too complex or personalised can be a detractor for acquirers of financial advice firms as they require too much effort to maintain post-acquisition.
As the financial advice profession continues to wait on further DBFO legislation, industry commentators have encouraged advisers to act now in driving practice efficiency.
