Westpac Executive changes

Westpac today announced that David Lindberg, Chief Executive, Consumer and Craig Bright, Chief Information Officer, are leaving Westpac to take up new roles overseas. An international search has commenced for their replacements.

Westpac also announced the appointment of Les Vance to a new role as Group Executive, Financial Crime, Compliance and Conduct. Mr Vance will be responsible for overseeing the Group’s financial crime, compliance and conduct management.

Mr Vance’s appointment reflects the Group’s commitment to increase its focus on these areas and allow the Chief Risk Officer, David Stephen, to focus on the financial risk management of the organisation, particularly the credit portfolio, given the challenges of the COVID-19 pandemic.

Mr King thanked Mr Lindberg and Mr Bright for their contribution to Westpac.

Mr Lindberg made significant progress on improving customer satisfaction and the digital experience, while Mr Bright improved the capability of the Bank’s technology infrastructure, implemented the Customer Service Hub and achieved significant efficiencies in vendor services.

Commenting on Mr Vance, Mr King said: “Les is a thoughtful and energetic executive who will bring a forensic approach to improving and strengthening Westpac’s financial crime and compliance management.

“Westpac has made significant progress in improving its financial crime capability and I am confident Les will continue to build on this platform of work. His deep understanding of the bank and risk management will help us further strengthen our management of non-financial risk. Les will bring his considerable experience, knowledge and integrity to his new role.”

Mr Vance is currently the Chief Operating Officer, Consumer Division and has over 25 years’ executive experience across line management, transformation and program delivery, operations, and risk and governance.

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