Westpac appoints KPMG partner Michael Rowland as its CFO

Source: IBS Intelligence 2020-07-14

Westpac Group CEO Peter King announced today the appointment of KPMG partner Michael Rowland as the Group’s Chief Financial Officer (CFO), subject to regulatory approval. Rowland is a Partner in Management Consulting at KPMG, specialising in financial services.

King apprised that Rowland brings deep experience across the financial services industry having held senior positions at KPMG, ANZ and ING Australia.

King stated, “Michael’s experience is broad across both CFO and business leadership roles. His most recent experience in consulting as a senior partner at KPMG also brings valuable external perspectives.

“In particular, Michael’s expertise in business restructuring, delivering sustainable productivity and revenue programs and in disciplined financial management will be an important contributor to making Westpac a simpler and stronger bank…”

Gary Thursby who has been acting CFO since December 2019 will continue acting in this role until Rowland joins Westpac later in the year.

Rowland is a seasoned finance and business executive and has been a Partner in Management Consulting at KPMG since 2014.

He previously held a number of senior executive positions at ANZ from 1999 to 2013. This included CFO Institutional Banking, CFO Wealth, CFO New Zealand, CFO Personal Financial Services, and business leadership roles as CEO Pacific, Managing Director Mortgages and General Manager, Transformation.

Following the creation of the ANZ / ING joint venture in 2002, Rowland was ING Australia’s CFO until 2004, where he managed all aspects of the finance function including investor relations and analyst presentations, as well as driving major cost and revenue initiatives.

Prior to joining ANZ, he was Finance Director (1995 to 1999) at AMRAD Corporation Limited, playing a major role in preparing the company for its ASX listing in 1996.

Rowland commenced his career at KPMG where he was promoted to a Tax Partner in 1993. He holds a Bachelor of Commerce, University of Melbourne and a Graduate Diploma of Taxation Law, Monash University. He is a Fellow of the Institute of Chartered Accountants in Australia and New Zealand.

Westpac

Michael Rowland

KPMG

Westpac appoints KPMG partner Michael Rowland as its CFO

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