Banking News

Australian bank announces new CEO

Australian bank announces new CEO

(4 October 2019 - Australia) BankWest has promoted Sinead Taylor from her current role as Personal and Retail Banking Executive General Manager to CEO, replacing outgoing CEO Rowan Munchenberg.

The CommBank subsidiary appointed the first female to lead the organisation after current Managing Director Rowan Munchenberg confirmed he is leaving the Perth headquartered lender to pursue other opportunities. Mr Munchenberg joined CBA in 2001 and led BankWest since 2017.

“Sinead has a clear focus on improving customers’ financial wellbeing and I have no doubt she will continue this focus in her new role, leading a business that has strengthened under the stewardship of Rowan and his team. Mr Munchenberg has secured a firm foundation for the future by prioritising investment in BankWest’s digital and broker offering, embedding new ways of working to deliver enhanced customer experiences more rapidly, safely and securely and revitalising the BankWest brand" CBA Group Executive for Retail Banking Angus Sullivan commented on the appointment.

“We’re in a very strong position to continue to meet the changing needs of our customers and grow the BankWest brand and business in our home state of WA and nationwide. We’re sending a clear signal of our intent to be bold and different in our customer focus with innovations such as the BankWest Halo ring, in-app messaging, home loan digital signing, a multi-year BankWest Stadium partnership in western Sydney and our 'Bank Less' branding position. And we intend to maintain our 124-year support for the prosperity of the communities and economy of WA through key partnerships and sponsorships" Ms Taylor stated.

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