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Westpac announces executive changes

Westpac, Australia, bankAustralia’s Westpac announced that David Lindberg, Chief Executive, Consumer and Craig Bright, Chief Information Officer, are leaving the bank to take up new roles overseas. The Sydney-based bank, which is one of the big four banks in the country, stated that it has commenced an international search for the replacements of the executives.

Westpac also announced the appointment of Les Vance to a new role as Group Executive, Financial Crime, Compliance and Conduct. He will be responsible for overseeing the Group’s financial crime, compliance and conduct management.

Vance’s appointment reflects the Group’s commitment to increase its focus on these areas and allow the Chief Risk Officer, David Stephen, to focus on the financial risk management of the organisation, particularly the credit portfolio, given the challenges of the COVID-19 pandemic.

King enthused, “Les is a thoughtful and energetic executive who will bring a forensic approach to improving and strengthening Westpac’s financial crime and compliance management.

“Westpac has made significant progress in improving its financial crime capability and I am confident Les will continue to build on this platform of work. His deep understanding of the bank and risk management will help us further strengthen our management of non-financial risk. Les will bring his considerable experience, knowledge and integrity to his new role.”

Vance is currently the Chief Operating Officer, Consumer Division and has over 25 years’ of executive experience across line management, transformation and program delivery, operations, and risk and governance. His previous roles at Westpac include Chief Risk Officer for BT Financial Group, Group General Manager for Core Transformation, Chief Operating Officer for Technology, General Manager of Investments & Business Partnering, and Corporate Counsel for Secretariat & Corporate.

Priorly, Vance was the Group Executive for External Funds at Investa Property Group and Chief Executive for Gaming at TAB Limited. He also held strategic project roles with Racing NSW. He commenced his career at the legal firm, Herbert Smith Freehills where he became a partner. Les has a Bachelor of Commerce and a Bachelor of Laws with Honours, both degrees attained from The University of Queensland.

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