New CEO for HBOS Aus
(6 March 2009 – Australia) HBOS Australia has announced the appointment of David Smith to fill the position of Chief Executive Officer.
David Willis resigned from the position last year following the Lloyds acquisition of HBOS and the local sale of BankWest and St Andrew’s by Lloyds to CBA.
Smith was previously head of the Australian branch of one of the three divisions of HBOS Australia, the Bank of Scotland Treasury business and has worked for HBOS for 11 years.
Jack Dykes, who has been acting in the CEO role on an interim basis following last year’s departure of David Willis, will continue to lead one of the other divisions of HBOS Australia, the BOS International Division, which operates in corporate, property and project finance.
HBOS Australia also includes the Capital Finance business, which operates in the motor vehicle, property and leasing finance sectors.
HBOS Australia Chairman, Rick Turner said that Willis’ background and successful track record, as well as the experience of HBOS Australia’s management team, provides a strong platform for future success as part of the Lloyds Banking Group.
Mr Smith will commence his new role immediately.
Smith has held a number of senior management business and functional roles in international investment and wholesale banks including Morgan Grenfell and Co, Deutsche Bank and UBS.
Smith was previously head of the Australian branch of one of the three divisions of HBOS Australia, the Bank of Scotland Treasury business and has worked for HBOS for 11 years.
Jack Dykes, who has been acting in the CEO role on an interim basis following last year’s departure of David Willis, will continue to lead one of the other divisions of HBOS Australia, the BOS International Division, which operates in corporate, property and project finance.
HBOS Australia also includes the Capital Finance business, which operates in the motor vehicle, property and leasing finance sectors.
HBOS Australia Chairman, Rick Turner said that Willis’ background and successful track record, as well as the experience of HBOS Australia’s management team, provides a strong platform for future success as part of the Lloyds Banking Group.
Mr Smith will commence his new role immediately.
Smith has held a number of senior management business and functional roles in international investment and wholesale banks including Morgan Grenfell and Co, Deutsche Bank and UBS.
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