Westpac Group CEO Peter King said Westpac was delighted to appoint Joanne Dawson as Group Treasurer. Ms Dawson has been acting in this role while Mr Zuber acted in the role of Chief Executive, WIB.

“Joanne is a highly experienced leader and has been with Westpac since 2003 and in the role of Deputy Treasurer since 2008. Her extensive experience in global funding, liquidity and balance sheet management will help ensure a smooth transition to this critical role,” Mr King said.

Mr King thanked Mr Zuber for his hard work, loyalty and service to the Group over the past 25 years. Mr Zuber was the Group Treasurer for 16 years and prior to that was Deputy Treasurer.

“Curt has made an outstanding contribution to the Group, particularly leading the all important Treasury function for many years. He has navigated us through a number of challenges, including the global financial crisis and COVID-19,” Mr King said.

“Curt’s insights, commitment and leadership have been invaluable to me personally and to the company, and he has played a significant role in ensuring the strength of Westpac’s balance sheet through some particularly challenging periods. His counsel is sought throughout the bank and he has built a strong Treasury team.”

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“Lyn navigated institutional banking during a period of intense global competitive pressures and structural changes across these markets following the global financial crisis.

“Under Lyn’s leadership the Westpac Institutional Bank team has worked tirelessly to meet the needs of the bank’s government, corporate and institutional customers, most particularly during the COVID-19 pandemic.”

Ms Cobley said after more than 30 years in banking it was the right time to retire from executive life.

“I have thoroughly enjoyed a long and varied banking career. However, having held executive positions through a number of significant events, including the GFC and this year the COVID-19 pandemic, it is now time to step back and develop a portfolio career, including Board positions,” said Ms Cobley.

Curt Zuber, Group Treasurer will act as Chief Executive Westpac Institutional Bank from 1 July, while an international search is undertaken.

Joanne Dawson, Chief Financial Officer, Westpac Institutional Bank & Treasury, will act as Group Treasurer during this period. Mr Zuber has worked in financial markets for over 30 years and been with Westpac for 25 years. He was appointed Westpac’s Treasurer in 2004.

Ms Dawson joined Westpac Treasury in 2003 and was appointed Deputy Treasurer in 2008 where her responsibilities included global funding, group liquidity and balance sheet management. In 2019 she completed a Sloan MSc in Leadership and Strategy at the London Business School.

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