Westpac has tapped Anthony Miller to step up as its next CEO, effective December 16. Miller, who currently oversees the bank’s Business & Wealth division, will take over from Peter King, who exits after a 30-year run.
Key Takeaways
- Anthony Miller will assume the role of Chief Executive on December 16, 2024.
- He will oversee Westpac’s multi-billion-dollar technology upgrade, aimed at addressing over a decade of underinvestment.
- Peter King, who has been with Westpac for 30 years, including five as CEO, will retire in December.
Who is Anthony Miller?
Miller joined Westpac in 2020 as the Chief Executive of the Institutional Bank and transitioned to lead the Business & Wealth division in 2023. Before joining Westpac, Miller served as CEO of Deutsche Bank in Australia and New Zealand and Co-Head of the Investment Bank for the Asia-Pacific region.
His career also includes 16 years at Goldman Sachs, where he held multiple leadership roles, including Partner.
Big Number
$2.5 million – Miller’s fixed annual salary as the new CEO.
Crucial Quote
“I’m excited by the opportunity and I’m grateful for Peter’s significant contribution as CEO,” Miller said, signalling his intent to drive Westpac forward. “My aspiration is to build on that work and unleash Westpac’s true potential, focusing on growth and completing our transformation agenda.”
