The chief executive of the bank’s institutional business is retiring.
Lyn Cobley, chief executive of Westpac Institutional Bank, is retiring after more than thirty years in banking.
“Lyn navigated institutional banking during a period of intense global competitive pressures and structural changes across these markets following the global financial crisis,” said CEO Peter King. “Under Lyn’s leadership, the Westpac Institutional Bank team has worked tirelessly to meet the needs of the bank’s government, corporate and institutional customers, most particularly during the COVID-19 Pandemic.”
Curt Zuber, group treasurer, will act as chief executive while an international search is undertaken for Ms Cobley’s replacement. Ms Cobley is the latest executive to depart from the bank, following a string of resignations earlier this month.
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