Westpac has ended a near six-month job search to replace its chief financial officer by appointing KPMG partner Michael Rowland to the top role.
Mr Rowland will take up the position later this year, closing a recruitment drive sparked by Westpacs 2019 AUSTRAC scandal that thrust then CFO Peter King to take helm of the countrys second largest bank.
Mr King was elevated to chief executive after Brian Hartzers abrupt resignation from the banking group following revelations Westpac had committed 23 million alleged breaches of financial crimes law.
Westpac CEO Peter King says the appointment of Michael Rowland as CFO will make Westpac a simpler and stronger bank. Picture: Nikki Short
The financial crimes watchdog flag…
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