Westpac's Evans to retire
Westpac chairman Ted Evans has announced his retirement. Evans announced he will leave the bank following the 2011 annual general meeting which is due to be held on 14 December 2011. He will be succeeded within the board by the current audit committee chairman, Lindsay Maxsted.
Evans will leave the bank after four years as chairman. He joined Westpac’s board in 2001 and was appointed to the position of chairman in 2007.
“With the success of the St George merger now assured, and the group performing very strongly under our talented and stable management team, I judged the time right to announce my retirement. Lindsay is an enormously experienced and capable director and I know I will leave the chair of this company in the very best hands,” he said.
Maxsted joined the board as director and chairman of the audit committee in 2008.
AUTHOR
Angela Faherty
Recommended for you
Two industry executives have highlighted why financial advice practices are less focused on adviser recruitment, as technology means they can service more clients with fewer staff.
Despite fears under the first draft QAR bill, ASIC has confirmed that it does not expect superannuation trustees to check every Statement of Advice.
Iress has signed a three-year extension of its agreement with Count, enabling the financial services firm to continue using advice software Xplan to support its growth ambitions.
Single adviser-led firms continue to expand their footprint in the Australian advice ecosystem, Adviser Ratings research shows, as market conditions prove favourable for boutique practices.
