Westpac, one of the largest banks in Australia, announced today some executive changes at the firm.
Chief executive, consumer, David Lindberg and chief information officer Craig Bright are leaving the firm to move to new positions overseas.
An international search has commenced for their replacement, Westpac revealed.
The company also announced the appointment of Les Vance to a new role as group executive, financial crime, compliance and conduct management.
“Les is a thoughtful and energetic executive who will bring a forensic approach to improving and strengthening Westpac’s financial crime and compliance management”, Peter King, chief executive officer at the bank, said.
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He added that Westpac has made significant progress in improving its financial crime capability and is confident that Vance 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 considerable experience , knowledge and experience and integrity to his new role”, King noted.
Vance’s appointment will allow 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.
Contribution to Westpac
King said in his statement that Lindberg made significant progress on improving customer satisfaction and the digital experience, while Bright improved the capability of the bank’s technology infrastructure, implemented the customer service hub and achieved significant efficiencies in vendor services.
He thanked Lindberg and Bright for their contribution to Westpac.