Powered by MOMENTUM MEDIA
subscribe to our newsletter

New Westpac boss gets straight to it

On his first day in the role, Westpac Group CEO Brian Hartzer has confirmed his executive team and made some key changes to their functions.

Mr Hartzer announced the appointment of David McLean as chief executive of Westpac New Zealand.

Mr McLean joined Westpac in 1999 to head the debt capital markets group in New Zealand, and was appointed head of Westpac Institutional Bank New Zealand in 2004.

In 2009, Mr McLean was appointed as general manager for private, wealth and insurance, and from 2012 to 2014, he was managing director of the Westpac New York branch.

Mr Hartzer said Mr McLean had done an outstanding job acting in the role since August 2014 following the resignation of Peter Clare.

Advertisement
Advertisement

“I am pleased we are able to appoint someone that I know is already deeply respected and known by the New Zealand business community,” he said.

“It is important to me that someone with such in-depth knowledge of the business and local market will be taking on this critical role for the group.”

Mr Hartzer also announced the group’s Australian Financial Services (AFS) division will no longer exist, with the chief executives of Westpac Retail & Business Banking, St George Banking Group and BT Financial Group now required to report directly to Mr Hartzer.

The changes would build on the strong performance and collaboration across the executive team, he said.

“I am proud of what AFS has achieved over the past three years, and I am confident that the refreshed structure will continue to build on our successful portfolio of brands,” he said.

PROMOTED CONTENT


“However, to ensure we maintain momentum and coordination across our brands, we will keep together the retail product, marketing and analytics functions.”

All of the group’s changes are effective immediately.

New Westpac boss gets straight to it
mortgagebusiness

Latest News

Politicians have traded blows while debating the repeal of responsible lending laws in the lower house, ahead of today’s Senate hearings. ...

The non-bank lender reported an 88 per cent rise in profit and a 14 per cent increase in its loan book over 1H21, despite a drop in the volu...

There was a 26 per cent rise in loans originated through the broker channel at the non-major bank as at 31 December 2020, according to its r...

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: BOQ’s acquisition of ME Bank

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.