Mr Herbert is currently Chief Operating Officer, Business & Wealth and will replace Anthony Miller, who begins as Westpac CEO on 16 December.

Mr Herbert is a seasoned banking executive who joined Westpac in 2020 after an extensive career at HSBC including as COO, Asia Pacific, Retail Banking & Wealth Management.

“Peter is an accomplished, engaging and accessible leader who has built a culture of innovation since joining Westpac,” Mr King said.

“He will provide stable and experienced leadership to the Business & Wealth division when Anthony steps into my role at the end of the year.”

“This change will also allow Anthony to spend time with me in a handover period before he begins as CEO.”

Peter Herbert will act in the position while a global search is undertaken for a permanent Chief Executive, Business & Wealth.

The post Westpac announce executive appointment appeared first on AdviserVoice.