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
- 22 Aug 2017O’Dwyer announces EDR panelBy Staff Reporter
- 22 Aug 2017Advisers must become ‘lifestyle coaches’: ZurichBy Jessica Yun
- 22 Aug 2017Elders signs 18th advice practiceBy Staff Reporter
- 22 Aug 2017AIA launches ‘Claims on Wheels’By Staff Reporter
- 22 Aug 2017Cost and risk hold back open APLsBy Aleks Vickovich and Killian Plastow
- 22 Aug 2017Majority of Aussies have no retirement plan: researchBy Staff Reporter
- view all