Australia's Westpac appoints Peter Herbert as acting CEO of business segment

Reuters

Oct 24, 2024 12:49 AM



(Reuters) - Australia's Westpac said on Thursday Peter Herbert will be appointed as acting chief executive for its business and wealth segment, effective Nov. 5.

Westpac, Australia's second-largest mortgage lender, said Herbert will be replacing Anthony Miller, who steps into the role of CEO of the bank from Dec. 16.

Peter Herbert has held a number of executive positions in the past, joining Westpac in 2020 after an extensive career at HSBC as chief operating officer for the Asia Pacific division in the retail banking & wealth management segment.

He is currently the chief operating officer of the business and wealth segment at Westpac.

The "change will also allow Anthony to spend time with me in a handover period before he begins as CEO," said current Westpac CEO Peter King, who is set to retire in December.

Westpac added that Peter Herbert will act in the position while a global search is undertaken for a permanent chief executive for its business & wealth segment.

(Reporting by Shivangi Lahiri in Bengaluru; Editing by Alan Barona)

Disclaimer: For information purposes only. Past performance is not indicative of future results.
* References, analysis, and trading strategies are provided by the third-party provider, Trading Central, and the point of view is based on the independent assessment and judgement of the analyst, without considering the investment objectives and financial situation of the investors.
Risk Warning: Our Website and Mobile App provides only general information on certain investment products. Finsights does not provide, and the provision of such information must not be construed as Finsights providing, financial advice or recommendation for any investment product.
Investment products are subject to significant investment risks, including the possible loss of the principal amount invested and may not be suitable for everyone. Past performance of investment products is not indicative of their future performance.
Finsights may allow third party advertisers or affiliates to place or deliver advertisements on our Website or Mobile App or any part thereof and may be compensated by them based on your interaction with the advertisements.
© Copyright: FINSIGHTS MEDIA PTE. LTD. All Rights Reserved.