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Westpac announces third-party reshuffle

by Reporter4 minute read
Westpac building

The major bank has announced changes to its third-party distribution team.

Westpac’s former group general manager of third-party distribution, Tony MacRae, has been moved to the role of national general manager of retail, home ownership, effective immediately.

The vacancy in the role of general manager of third-party distribution has been temporarily filled by former head of broker distribution Warren Shaw.

Commenting on the appointments, Westpac’s group general manager of retail and premium bank, Bernadette Inglis, said: “We are delighted to have Tony MacRae join the Westpac retail lending team. With extensive experience across business and lending, he will be a valuable addition as we continue to help more Australians with home ownership.

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“I know our third-party team will enjoy working under Warren Shaw’s leadership, and we’ll also continue to play an active role in the ongoing industry collaboration to strengthen good customer outcomes and the industry as a whole.”

Mr MacRae first joined Westpac in 2000 as head of HR business services group, and he has since held roles as state general manager of commercial banking, NSW south (2011) and general manager of broker distribution (2011–2015).  

The former general manager of third party has also held roles at Virgin Money Australia (2003–2006) and RAMS Home Loans/Financial Services (2009–2010).  

New acting general manager of third party Warren Shaw first joined the major bank in 2016, after serving as CEO of Banksia Financial Group (2012–2014).

Mr Shaw previously held roles at NAB, serving as strategy principal, financial services Australia (2001–2003).

[Related: Major bank offering broker clients $59k]

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