Deutsche Bank CEO joins Westpac

Westpac Group has announced the appointment of Anthony Miller as chief executive of Westpac Institutional Bank (WIB).

Subject to regulatory approval, Mr Miller will assume the role later this year, replacing Lyn Cobley, who announced her retirement in May.  

The new appointee joins Westpac from Deutsche Bank where he has served as CEO, Australia and New Zealand, and co-head of the investment bank in the Asia Pacific.

Prior to joining Deutsche Bank, Mr Miller served for 16 years as managing director of Goldman Sachs from 2001 to 2017.

Commenting on Mr Miller’s appointment, Westpac Group CEO Peter King said: “I’m delighted to welcome an executive of Anthony’s calibre to the Westpac team.

“Anthony has extensive global experience in institutional banking and, with his international background, will also bring broader risk management experience to the team.

“He has been in client-facing roles for the past 20 years and has deep banking and financial markets experience, which will be invaluable as we work to further strengthen our relationships with our corporate and institutional clients.”

This is the latest of a number of executive changes at Westpac, and follows the appointment of Michael Rowland as chief financial officer earlier this month.

Westpac also recently appointed Les Vance to the new role of group executive, financial crime, compliance and conduct.

The major bank 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 appoints new CFO]