Steven Harker to retire from Westpac Board
Westpac Banking Corporation announces that Steven Harker has decided to retire from the Board.
Mr Harker joined the Board in March 2019 and has been a member of the Board Audit, Board Legal, Regulatory & Compliance and Board Remuneration Committees.
Mr McFarlane, Chairman of the Board, said “On behalf of the Board, I would like to thank Steve for his considerable contribution to Westpac, in what has been a challenging time for the company.
“Steve’s investment banking experience has been invaluable to Westpac particularly in contributing to deliberations on our Institutional Bank.
“Early this year Steve signaled he was considering retiring from the Board as he requires a double lung transplant and wants to focus on his health. We commend Steve for his professionalism and commitment to shareholders throughout his tenure and wish him a fast recovery.”
Mr Harker said “The time is right for me to retire. I am confident Westpac is on the right path to restore trust and performance for customers and shareholders.”
Steve Harker has over 35 years’ experience in investment banking. He was formerly Managing Director and Chief Executive Officer of Morgan Stanley Australia, and then Vice Chairman until February 2019. Prior to joining Morgan Stanley, he spent 15 years with Barclays de Zoete Wedd (BZW, now Barclays Investment Bank). Mr Harker was Chairman and Director of Australian Financial Markets Association Limited and a Director of Investa Property Group.
He also previously served on the Board of the Centre for International Finance and Regulation and was a Guardian of the Future Fund of Australia.