Coombe to leave BT Financial Group
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Rob Coombe will be succeeded by Brad Cooper as chief executive of BT Financial Group from February next year.
Coombe is leaving the role he has held for five years to become group executive of Westpac retail and business banking.
According to Westpac’s statement, incoming chief Brad Cooper led St George’s integration with the Westpac Group over the past 18 months. His previous financial services experience includes being chief executive of Westpac New Zealand, chairman of GE Capital Bank and chief executive of GE Money’s UK and Ireland businesses.
The statement from Westpac said that during Coombe’s leadership of BT Financial Group the group had established "leading retail market share and developed sector-leading platforms, including the addition of Asgard".
In addition, Coombe had led the development of BT’s Super for Life product and had driven “industry-leading cross-sell levels of wealth and insurance products into the Westpac Group distribution channels”.
The executive changes were announced by Westpac Group chief executive Gail Kelly, with Kelly also announcing Peter Hanlon would take up the newly created role of group executive, people and transformation, in an internal appointment.
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