Westpac appoints CFO
Westpac has appointed former ANZ chief financial officer (CFO), wealth, Michael Rowland as CFO.
Rowland joined from KPMG, where he was a partner in management consulting, specialising in financial services, and had also previously worked for ING Australia.
He worked at ANZ from 1999 to 2013 where he held various CFO roles including in the institutional banking and personal financial services departments.
Gary Thursby, who had been acting CFO since December 2019, would continue in the role until Rowland joined later in the year.
Peter King, Westpac chief executive, said Rowland brought deep experience across the financial services industry.
“Michael’s experience is broad across both CFO and business leadership roles,” King said.
“His most recent experience in consulting as a senior partner at KPMG also brings valuable external perspectives.
“In particular, Michael’s expertise in business restructuring, delivering sustainable productivity and revenue programs and in disciplined financial management will be an important contributor to making Westpac a simpler and stronger bank.”
AUTHOR
Chris Dastoor
Recommended for you
JANA Investment Advisers has made several internal promotions and new appointments across its research team to bolster its position in the market.
SQM Research’s former head of research, Rob da Silva, has joined an investment consulting and analytics firm to drive the expansion of its research coverage.
AFCA has confirmed its chief operating officer, Justin Untersteiner, will be departing the organisation in March to take up a CEO role.
Minister for Financial Services, Stephen Jones, has announced he will be retiring at the upcoming federal election.
