Westpac hires CFO

  • By AB+F Editorial

Westpac has hired former KPMG consultant Michael Rowland to the job as chief financial officer.

Rowland takes over from acting CFO Gary Thursby who will continue in the job until Rowland starts with the bank later in the year.

The hire comes at a time as the bank looks to reset its strategy under Peter King.

“Michael’s expertise in business restructuring, delivering sustainable productivity and revenue programs and in disciplined financial management will be an important contributor to making Westpac a simpler and stronger bank,” King said in a statement.

At KPMG Rowland worked as a senior partner and has been with the consultant since 2014.

He also worked at ANZ as the CFO in its institutional banking, wealth, New Zealand and personal finance businesses.  

Back in 2002 when ANZ struck a joint venture with ING, Rowland worked as ING Australia’s CFO until 2004.