Business
Westpac picks KPMG partner Michael Rowland as new finance chief – Sydney Morning Herald
Westpac has hired management consultant Michael Rowland as its next chief financial officer, highlighting his experience in restructuring companies and boosting productivity.
Westpac has hired management consultant and former ANZ banker Michael Rowland as its next chief financial officer, highlighting his experience in restructuring companies and boosting productivity.
Chief executive Peter King, who left the key role of CFO to become CEO during last year’s money laundering compliance crisis, said Mr Rowland’s appointment would assist his goal of simplifying the country’s oldest bank.
Westpac has appointed a new chief financial officer, Michael Rowland.Credit: Will Willitts
Mr Rowland is set to join Westpac during a period of major change at the banking giant after last November’s revelations of a mass breach of anti-money laundering laws, including failing to properly vet thousands of suspicious payments potentially involving child exploitation transactions. The scandal sparked a management shake-up and put the bank on track to cop a record-breaking corporate fine.
Mr Rowland is joining from KPMG, where he has been a partner in management consulting specialising in financial services since 2014. Before that, Mr Rowland held executive positions at ANZ Bank, and was also the finance chief at ING Australia.
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