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 RBA has studied the role of collateral in credit markets under stress, and has found that collateralised borrowing rose for some segment...

Auction volumes surged significantly over the December quarter across Australia, largely attributed to a “resurgence” in Melbourne, acco...

Loan conditions and collateral guarantees continue to be major stumbling blocks for small businesses looking to access financing, according ...

FROM THE WEB

Join a group of highly informed brokers.

Broker Pulse, a community-driven knowledge base of lender performance Reveal exactly which lenders are making life easiest for brokers and their clients by taking this monthly survey and joining a group of highly informed brokers who leverage these insights every month.

JOIN NOW
podcast

LATEST PODCAST: A new record in mortgage approvals

Do you expect to see strong uptake of the HomeBuilder scheme?

Website Notifications

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