Westpac promotes Anthony Miller to CEO amid Peter King’s departure
Australian banking heavyweight Westpac has promoted Anthony Miller to group CEO and managing director.
Anthony Miller named as new Westpac chief (Image: LinkedIn)
The appointment has gained the approval of the Westpac board of directors, and will come into effect from 16 December 2024.
The incoming CEO will take the reins from Peter King, who has served the position since 2019 and is now preparing to end his tenure with Westpac after 30 years.
Miller joined Westpac four years ago as chief executive of the group’s institutional banking division, before transitioning to its business and wealth unit in August last year.
His professional experience to date includes serving as Deutsche Bank’s CEO of Australia and New Zealand, and as a managing director at Goldman Sachs, where he worked for over 16 years.
Speaking on the search for a new CEO, Westpac chair Steven Gregg says the group sought a “customer-focused” executive with “a proven record of performance and a deep understanding of the Australian market”.
“Anthony is that executive,” he asserts, adding that the incoming CEO “knows what needs to be done” and is determined to “return Westpac to a position of leadership”.
“My aspiration is to build on [the work of King] and unleash Westpac’s true potential,” comments Miller, who wants to distinguish Westpac as “a bank built on trust and reliability”.
Miller concludes: “I’m committed to growing the bank safely and sustainably, completing the Customer Outcomes and Risk Excellence transition and delivering UNITE, our business and technology simplification.”
With its history dating back to 1817, Westpac is Australia’s oldest banking institution. It is one of the country’s “big four” banks, with over 13 million customers worldwide and 36,000+ employees.
