One of the big four banks has announced the appointment of its new chief executive as it deals with “global stress and uncertainty” during the coronavirus outbreak.
Peter King will be Westpac’s new CEO. Mr King previously served as interim CEO following the resignation of Brian Hartzer during the AUSTRAC scandal.
“I believe we need a chief executive in place now, not later, and with full, rather than acting authority,” said Westpac chairman John McFarlane.
“On my recommendation, the board has appointed Peter King as CEO. Peter has agreed to do this for two years.”
More to come.
The corporate regulator has reiterated its focus on improving its reportable situations regime.
While the guidance is targeted at superannuation and investment funds, ASIC said it can also help companies to avoid greenwashing or overstating green...
The financial services minister announced the news on Wednesday (10 August).
Get the latest news! Subscribe to the ifa bulletin
Get notifications in real time and stay up to date with content that matters to you.