Banking News

Westpac Announces New Business Division CEO

Westpac Announces New Business Division CEO

(Australia - 19 June 2019) Westpac announced the appointment of Guilherme Lima as CEO of the group's new Business division. Mr Lima joins Westpac from HSBC Hong Kong where he has been Group Head of Wealth Management. In prior roles led the Retail and Wealth management business of HSBC for the Latin American region.

Mr Lima has 22 years’ experience in banking and consulting in Asia, Europe, Latin America and the United States. Prior to joining HSBC, Mr Lima was partner in McKinsey and Co’s financial services practice, where he led numerous engagements across a variety of commercial and retail banking businesses. Subject to the required regulatory and visa approvals, Mr Lima will commence in the role in late H2 2019.

Westpac recently announced changes to the way it supports customers’ wealth and insurance needs, realigning the Private Wealth, Platforms & Investments, and Superannuation businesses into a new Business division.

"I’m delighted to welcome Guil to the Group Executive team. His background in leading strategic change on a global basis, as well as his domain expertise in banking and wealth, will be particularly valuable as we seek to grow the breadth of our customer relationships across the new Business division. I’d also like to thank Alastair Welsh, General Manager Commercial Banking, for his contribution as Acting Chief Executive Business” Westpac Group CEO Brian Hartzer said.

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