Westpac names new CEO

InvestorDaily

Westpac has appointed current business and wealth division chief executive Anthony Miller as group chief executive and managing director. Miller, who is set to commence in his new role in December, will succeed Peter King, who will retire after 30 years at the group, including a five-year stint at its helm. Prior to joining the bank, Miller was Deutsche Bank’s chief executive of Australia and NZ, and co-head of Investment Bank, Asia-Pacific.

Before this, he spent 16 years at Goldman Sachs, including as partner. Commenting on the appointment, Westpac chair Steven Gregg clarified that, in its search for chief executive, the company was on the hunt for an executive who is customer-focused with a proven record of performance and a deep understanding of the Australian market. “Anthony is that executive. He has a vision to return Westpac to a position of leadership and build on the foundational work of the past five years. As an internal appointment, Anthony knows what needs to be done and will move at pace, ensuring a seamless transition,” Gregg said.

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