Former Westpac CFO joins Hastings as CEO

Specialist global fund manager, Hastings, has announced the appointment of a new CEO, Terry Winder, effective 1 October 2017.

Winder succeeds Andrew Day who is departing the firm at the end of September after six years of leadership. Winder has been a member of the Hasting's board since July 2016.

Winder has 30 years' experience in Australian and international financial markets and was previously chief financial officer of Westpac's Institutional Bank, having joined the Westpac Group in 2010. Prior to this, he was the international treasurer for Merrill Lynch and lived and worked in London, Tokyo and Sydney. He also worked with UBS and Bankers Trust Australia.

Commenting on his new role at Hastings, chair, Brian Scullin, said: "Terry has an ideal background for the CEO role and knows that real return assets - led by infrastructure - play an important role in diversification, risk reduction, high risk-adjusted returns and long-term asset liability matching. I will personally play a more active role in supporting Terry and the Hastings management team."

Scullin added that Winder's primary objectives will be to see that Hastings "continues as a long-term successful investor with a highly disciplined approach. He [will] also continue to assess sale options for the business."