Westpac insto bank head to retire

The acting chief executive of Westpac's institutional bank, Curt Zuber, will retire from the organisation next year after more than 25 years.

Zuber was named acting chief in July of this year. He was previously group treasurer, a role he started in 2004.

Before joining Westpac in 1994, Zuber spent several years with Household International in Chicago and Sydney in risk management, funding, and asset and liability management.

"Curt has made an outstanding contribution to the Group, particularly leading the all-important Treasury function for many years," said Westpac CEO Peter King. "He has navigated us through a number of challenges, including the global financial crisis and COVID-19.

"Curt's insights, commitment and leadership have been invaluable to me personally and to the company, and he has played a significant role in ensuring the strength of Westpac's balance sheet through some particularly challenging periods. His counsel is sought throughout the bank and he has built a strong Treasury team."

Westpac has appointed Joanne Dawson as its new group treasurer. She has been in the role in an acting capacity since July.