Powered by MOMENTUM MEDIA
moneymanagement logo
 
 

Former Westpac exec joins PEXA

PEXA/westpac/hire/

5 August 2022
| By Laura Dew |
image
image image
expand image

PEXA has hired a former Westpac executive as its group chief operating officer.

Les Vance would join PEXA in October from Westpac where he was group executive, financial compliance and conduct.

This involved being responsible for remediation and transformation of its management of financial crime which was required under an enforceable undertaking by the Australian Prudential Regulation Authority (APRA).

He had also held roles including chief operating officer at Westpac’s consumer division and chief risk officer at BT Financial Group and had over 20 years’ experience.

At PEXA, he would be responsible for the enablement of a regulatory environment that reflected PEXA’s commitment to consumers and community, extending through to the Group’s legal function as well as product, pricing, enterprise governance and delivery.  

He would be supported by PEXA’s current chief operating officer, Simon Smith, who was stepping into an advisory role.  

PEXA group managing director, Glenn King, said: “Les is an incredibly credentialed executive, having worked in several senior roles across risk, transformation, legal, operations, investments and business partnering. Having also worked across both the banking and legal sector, he is a tremendous fit for our business.”

Vance said: “PEXA has fundamentally transformed the way property transactions are settled across Australia.  I’m excited by the opportunity to be part of building on that and delivering the growth from this next phase of PEXA’s strategy.” 

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Significant ethical issues there. If a relationship is in the process of breaking down then both parties are likely to b...

3 weeks 2 days ago

It's not licensees not putting them on, it's small businesses (that are licensed) that cannot afford to put them on. The...

4 weeks 2 days ago

So we are now underwriting criminal scams?...

7 months ago

After last month’s surprise hold, the Reserve Bank of Australia has announced its latest interest rate decision....

3 weeks 4 days ago

WT Financial’s Keith Cullen is eager for its Hubco initiative to see advice firms under its licence trade at multiples which are catching up to those UK and US financial ...

4 weeks 1 day ago

While the profession continues to see consolidation at the top, Adviser Ratings has compared the business models of Insignia and Entireti and how they are shaping the pro...

1 week 2 days ago

TOP PERFORMING FUNDS

ACS FIXED INT - AUSTRALIA/GLOBAL BOND