A former chief executive of Westpac's Australian financial services business has been appointed CEO of the banking group as Gail Kelly announces her retirement.
Brian Hartzer - who currently heads up financial services, which includes responsibility for BT Financial Group - will take up the reins at the banking giant following Ms Kelly’s resignation, according to a statement to the ASX.
“On behalf of the board I want to thank and acknowledge Gail’s leadership and outstanding contribution to Westpac,” the bank's chairman, Lindsay Maxsted, said.
“Gail is one of Australia’s most successful CEOs. During her tenure the value of the company has more than doubled, with market capitalisation increasing from just under $50 billion to around $104 billion.”
Mr Hartzer has 25 years' experience in financial services and is a former CEO of ANZ's Australian operations.
SUBSCRIBE TO THE IFA DAILY BULLETIN
18 Dec 2017Spring Financial makes Perth-based acquisitionBy Staff Reporter
18 Dec 2017Mercer releases superannuation chat botBy Staff Reporter
15 Dec 2017AIW Dealer Services enters EUBy Staff Reporter
15 Dec 2017New CEO appointed at Centrepoint AllianceBy Staff Reporter
15 Dec 2017FASEA education pathways provide certainty: O’DwyerBy Killian Plastow
14 Dec 2017AUSTRAC adds to list of CBA allegationsBy Killian Plastow
- view all