Australian banking major Westpac has named Brian Hartzer as its new CEO, replacing Gail Kelly who will retire on 1 February 2015.
Hartzer is currently chief executive of Australian Financial Services, responsible for the Westpac Group’s retail, business banking and wealth businesses, including Westpac Retail & Business Banking, St.George Banking Group and BT Financial Group.
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Hartzer has more than 25 years’ experience in financial services. Before joining Westpac in 2012, he was RBS CEO for UK retail, wealth and Ulster Bank.
Hartzer was previously a senior executive at ANZ, including its CEO for Australia, covering that bank’s domestic retail, commercial banking and wealth management businesses.
Chairman of Westpac Banking Corporation Lindsay Maxsted said: "On behalf of the Board I want to thank and acknowledge Gail’s leadership and outstanding contribution to Westpac.
"Gail is one of Australia’s most successful CEOs. She was appointed as the Global Financial Crisis was unfolding and her leadership and dedication has seen Westpac emerge a stronger and better company."
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By GlobalDataHaving assessed the market both locally and globally, Hartzer was the right person to succeed Kelly, Maxsted added.
