Australian bank Westpac rearranges its executive team

The Australian bank Westpac announced the appointment of retail and business banking chief Peter Hanlon as group executive for people and transformation with responsibility for modernising the Australian bank's technology and streamlining processes for customers. 

Meantime, Hanlons position of group executive for retail and business banking will be occupied by Rob Coombe, former BT Financial Group chief executive.

Westpac CEO Gail Kelly said: "We have established a multi-brand business model with the successful merger with St George. The next phase of our transformation lies in significantly strengthening our focus on customers, people and productivity."

Hanlon will be responsible for the customer and productivity elements of the programme as well as corporate affairs and sustainability.