SYDNEY: Westpac Group has appointed Paul Fowler to the position of Chief Executive, Business & Wealth.
Paul Fowler is an experienced leader in financial services with a career spanning more than 20 years in business and institutional banking, corporate finance and wealth management.
He joins Westpac from the Commonwealth Bank of Australia, where he is Executive General Manager, Regional and Agribusiness Banking in Business Banking.
Since joining CBA in 2015 he also served as CFO, Institutional Banking and Markets, and as Executive General Manager, Mergers & Acquisitions.
Prior to joining CBA, Mr Fowler spent over a decade in corporate finance, with roles at Goldman Sachs and Citigroup, predominantly advising financial institutions, in both Australia and offshore.
“Paul has built an impressive track record of success over a long career, most recently leading business banking across regional Australia for CBA,” said Westpac CEO Anthony Miller.
“I know Paul will bring a strong customer focus, experience in leading high performing teams and a drive for results in this important segment of the market for Westpac,” Mr Miller said.
Mr Fowler will commence in the role mid-year. He will take over from Peter Herbert, Acting Chief Executive, Business & Wealth.
“Since my appointment as Westpac CEO, Peter has done a superb job of driving momentum and focus in the division and I thank him for stepping in to act in this role during a critical transition period,” Mr Miller said.