Westpac appoints proud New Zealander David McLean as CEO NZ operations

Proud New Zealander David McLean has been appointed chief executive of Westpac New Zealand after performing an “outstanding” job acting in the role since August 2014 following the resignation of Peter Clare.

McLean’s appointment will be highly popular with bank executives and staff.

A “people person” he is credited with bringing the bank together again after a bruising period under Clare’s rein where there was considerable churn and executive downsizing that unsettled key managers.

The McLean announcement was among the first made by Brian Hartzer who took up the reins as Westpac Group CEO this morning.

Hartzer made clear that a key factor in McLean’s appointment was the bank’s recent performance. “Despite strong competition, David has overseen quality growth of all the major portfolios of the business and most recently Westpac New Zealand delivered a double digit increase in cash earnings.”

In other moves, George Frazis – a former CEO at Westpac NZ – and now chief executive of the St George Banking Group – will now report directly Hartzer as part of a refresh of the group executive team.

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