Westpac names acting business, wealth chief

InvestorDaily

Peter Herbert, Westpac’s current chief operating officer, business and wealth, is stepping into the role of acting chief executive for the division. Herbert will replace Anthony Miller, who is stepping out of the role to become Westpac’s group CEO in December. It is understood that a global search will then be undertaken for a permanent CEO for the business and wealth division.

According to the bank, Herbert is a “seasoned” banking executive, having joined Westpac in 2020 after an extensive career at HSBC, including as chief operating officer, Asia-Pacific, retail banking and wealth management. Outgoing group CEO Peter King welcomed Herbert to the role. “Peter is an accomplished, engaging and accessible leader who has built a culture of innovation since joining Westpac,” King said.

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