Westpac names new chief executive of wealthBY ELIZA BAVIN | TUESDAY, 4 FEB 2025 11:43AMWestpac has appointed Paul Fowler to the role of chief executive, business and wealth, to take over the role from the acting chief executive mid-year. Westpac said Fowler is an exceptional leader in financial services and brings a career spanning more than 20 years in institutional banking, corporate finance and wealth management to the role. Fowler will join Westpac from Commonwealth Bank (CBA), where he is currently the executive general manager, regional and agribusiness in business banking. Since joining CBA in 2015 he has also served as chief financial officer, institutional banking and markets, and as executive general manager, mergers and acquisitions. Prior to joining CBA, Fowler spent over a decade in corporate finance, with roles at Goldman Sachs and Citigroup, predominately advising financial institutions, in both Australia and offshore. "Paul has built an impressive track record of success over a long career, most recently leading business banking across regional Australia for CBA," Westpac chief executive Anthony Miller said. "I know Paul will bring a strong customer focus, experience in leading high performing teams and a drive for results in this important segment of the market for Westpac." Fowler will take over the role from acting chief executive, business and wealth, Peter Herbert. "Since my appointment as Westpac chief executive, Peter has done a superb job of driving momentum and focus in the division and I thank him for stepping in to act in this role during a critical transition period," Miller said. Westpac's business and wealth division was previously led by Miller before taking on the role of group chief executive. The business and wealth division focuses on serving the needs of small to medium businesses and commercial and agribusiness customers across Australia. It also includes private wealth individuals, along with the bank's operations in Fiji and Papua New Guinea. Related News |
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