Westpac appoints Peter Herbert as acting business and wealth CEO
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The news: Westpac has appointed Peter Herbert as acting CEO, business and wealth, effective 5 November.
The context: Herbert is currently chief operating officer of Westpac's business and wealth division, and will replace Anthony Miller, who begins as Westpac CEO on 16 December.
Herbert joined Westpac in 2020 after 18 years at HSBC, including as COO of retail banking and wealth management in Asia Pacific.
Herbert will act in the position while a global search is undertaken for a permanent CEO, business and wealth.
What they said: Westpac chief executive Peter King said: "Peter is an accomplished, engaging and accessible leader who has built a culture of innovation since joining Westpac".
"He will provide stable and experienced leadership to the business and wealth division when Anthony steps into my role at the end of the year," he said.
"This change will also allow Anthony to spend time with me in a handover period before he begins as CEO."
The source: Westpac media release
