Hartzer to exit Westpac
Westpac chief executive, Brian Hartzer is stepping down in the wake of the AUSTRAC fiasco.
The big banking group announced to the Australian Securities Exchange (ASX) today that Hartzer would be stepping down with chief financial officer, Peter King, taking over effective from Monday, 2 December.
It said the current COO, Gary Thursby would act as CFO.
The ASX announcement said that in addition to the executive changes, long-stand director, Ewen Crouch would not b e seeking re-election at the upcoming annual general meeting and that the chairman, Lindsay Maxsted would be bringing forward his retirement.
Recommended for you
As reports flow in of investors lining up to buy gold at Sydney’s ABC Bullion store this week, two financial advisers have cautioned against succumbing to the hype as gold prices hit shaky ground.
After three weeks of struggling gains, this week has marked a return to strong growth for adviser numbers, in addition to three new licensees commencing.
ASIC has banned a Melbourne-based financial adviser who gave inappropriate advice to his clients including false and misleading Statements of Advice.
KPMG has revealed how much CEO and chief investment officers at Australian family offices are earning, both in salary and bonus, and how they compare to international peers.
