Westpac bank has announced the appointment of Catherine McGrath (pictured) as CEO for its New Zealand business.
The news will see McGrath take on the role from mid-November, subject to regulatory approvals. In the interim, Simon Power continues as acting CEO, after which time he will return to his role as general manager for Westpac’s Institutional and Business Banking division.
McGrath began her career at the Bank of New Zealand and has since held a number of roles at Barclays and Lloyds TSB in the UK.
Returning to New Zealand from London, she most recently held the post of head of Channels at Barclays Group, where she worked across several senior leadership roles since 2013.
Westpac Group CEO, Peter King commented in a release that the bank will benefit from McGrath’s in-depth experience in international markets, driving large-scale transformation and leading significant teams.
He said, “in our recent portfolio review of the business, we identified ways to improve service for customers, including improving our digital capabilities, an area in which Catherine has considerable management expertise.”