WESTPAC GROUP MAKES INTERNAL CHANGES

The Westpac Group has announced a change to its reporting structure, as part of its 2020 half year results.

Westpac Pacific will move into a new division named Specialist Business division, led by new group executive Jason Yetton.

Mr Yetton is a proven executive who has experience in running large scale retail and banking businesses.

Westpac Fiji and Westpac Papua New Guinea are end-to-end banks that offer consumer/retail, corporate and commercial banking. However, they have previously sat within the Institutional Banking division which looks after large Australian institutions, and large global institutions operating in Australia.

“Westpac Fiji is a strong business that will benefit from being in this new division, focussed on serving the needs of customers with aligned skills and expertise in retail and commercial banking,” said Westpac’s general manager for Asia Pacific Michael Correa.

“This will allow Westpac’s institutional bank to focus on

Westpac Pacific new group

executive Jason Yetton. institutional banking in Australia and New Zealand and internationally.

“This change will not impact Westpac Fiji customers or employees.

“We continue to be committed to serving our customers and offering them the best products and services,” said Westpac Fiji chief executive, Kip Hanna.

“Our new Garden City branch is world-class.

“We are investing to improve our products and meeting customers’ preferences for new technologies like our mobile app”.

Westpac has been supporting

Fiji since 1901 and is Fiji’s longest running bank.

Westpac customers who have been affected by coronavirus (COVID-19) should visit www.westpac.com.fj for details of Westpac Fiji’s customer assistance package.

Mr Yetton is a proven financial services executive with a consistent track record of success, transformation and achievement across banking, funds management and wealth management.

Career background

Most recently Mr Yetton was chief executive officer NewCo, CBA, where he was appointed to lead the demerger of its wealth management and mortgage broking businesses.

Prior to that, he was chief executive officer and managing director for SocietyOne, an early financial services disrupter and consumer finance marketplace lender.

Mr Yetton was previously with the Westpac Group for more than 20 years, holding a number of senior positions including group executive, Westpac retail and business banking, and a range of senior executive positions in Bankers Trust Financial Group, including general manager, bankers trust customer solutions and head of product.Mr Yetton is married with three sons and lives in Sydney.