Powered by MOMENTUM MEDIA
subscribe to our newsletter

Westpac appoints new CFO

The major bank has announced the appointment of a new chief financial officer.

Westpac Group has appointed Michael Rowland as chief financial officer, subject to regulatory approval.

Mr Rowland, who will assume the role later this year, will permanently replace Gary Thursby, who has served as acting CFO since December 2019.

Mr Thursby took the helm from Peter King, who replaced former group CEO Brian Hartzer.  

Mr Rowland joins Westpac from KPMG, where he has served as a partner in management consulting.

Advertisement
Advertisement

The new appointee has previously held senior executive roles at ANZ over a 14-year period, which included stints as CEO Pacific, managing director mortgages and general manager transformation.

During this period, Mr Rowland also served as CFO of ING Australia from 2002 to 2004 following its joint venture with ANZ.

Commenting on his appointment, Westpac CEO Peter King said: “Michael’s experience is broad across both CFO and business leadership roles. 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.

“I’m delighted that Westpac has attracted someone of Michael’s calibre,” said Mr King.

PROMOTED CONTENT


This is the latest of a number of executive changes at Westpac, and follows the appointment of Les Vance to the new role of group executive, financial crime, compliance and conduct.

Westpac is yet to announce permanent replacements for chief executive, consumer, David Lindberg and chief information officer Craig Bright after their resignations were announced in May.

[Related: Westpac’s head of retail steps down]

Westpac appoints new CFO
Westpac
mortgagebusiness

Latest News

The IMF has urged Australia to consider reforms around housing supply and lending standards, citing apprehension around the upsurge in prope...

Treasurer Josh Frydenberg has backed the net-zero emissions by 2050 target, warning failure to comply will hurt banks’ access to capital a...

The regulator is set to release information setting out how it would use macroprudential policy tools, after expressing concerns around the ...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.