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Westpac appoints new CEO of business division

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Reporter 4 minute read

The major bank has appointed a CEO to head-up its new business division.

Westpac Group has announced the appointment of Guilherme (Guil) Lima as CEO of its business division.

The appointment of Mr Lima follows Westpac’s decision in March to realign the private wealth, platforms and investments, and superannuation businesses into a new business division.

Mr Lima joins Westpac from HSBC in Hong Kong, where he has served as group head of wealth management since July 2017.

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Since joining HSBC in 2010, Mr Lima has held several senior roles across its global divisions, including as regional head of banking and wealth management, Latin America from August 2013 to May 2015.

Commenting on Mr Lima’s appointment, Westpac Group CEO Brian Hartzer said: “I’m delighted to welcome Guil to the group executive team.

“His background in leading strategic change on a global basis, as well as his domain expertise in banking and wealth, will be particularly valuable as we seek to grow the breadth of our customer relationships across the new business division.”

Mr Hartzer also thanked Alastair Welsh, general manager commercial banking, for his contribution as acting CEO of the business division.  

“Al is doing a great job managing the transition and ensuring the division continues to run smoothly,” he said.

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Westpac noted that, subject to the required regulatory and visa approvals, Mr Lima will commence his role later this year.  

[Related: HashChing executive team departs, new CEO steps in]

Westpac appoints new CEO of business division
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