Powered by MOMENTUM MEDIA
the adviser logo
Lender

Bank MD steps down, replacement appointed

by Malavika Santhebennur4 minute read
Sinead Taylor

A non-major bank has appointed a new managing director after its current head announced his resignation. 

Bankwest has appointed the first female to lead the organisation in its 124-year history after Rowan Munchenberg announced to colleagues that he is stepping down from the role of managing director to pursue other opportunities.

To continue reading the rest of this article, create a free account
Already have an account? Sign in

The subsidiary of the Commonwealth Bank of Australia (CBA) has promoted former Bankwest executive general manager, personal and retail banking, Sinead Taylor to the managing director role. She will be confirmed in the role permanently subject to regulatory approval.

Mr Munchenberg is stepping down after nearly three years in the role, and said now was the right time for him to explore new opportunities.  

Advertisement
Advertisement

Commenting on her appointment, Ms Taylor said she was excited to lead Bankwest into its 125th year and beyond.

“We’re in a very strong position to continue to meet the changing needs of our customers and grow the Bankwest brand and business in our home state of WA and nationwide,” she said.

“We’re sending a clear signal of our intent to be bold and different in our customer focus with innovations such as the Bankwest Halo ring, in-app messaging, home loan digital signing, a multi-year Bankwest Stadium partnership in western Sydney and our Bank Less branding position.

“And we intend to maintain our 124-year support for the prosperity of the communities and economy of WA through key partnerships and sponsorships.”

CBA group executive for retail banking services Angus Sullivan said Ms Taylor’s appointment demonstrated the bank’s commitment to developing high quality leaders.

“Sinead has a clear focus on improving customers’ financial wellbeing and I have no doubt she will continue this focus in her new role, leading a business that has strengthened under the stewardship of Rowan and his team,” he said.

Mr Sullivan thanked Mr Munchenberg for his vision and leadership during his time with Bankwest.

“He has secured a firm foundation for the future by prioritising investment in Bankwest’s digital and broker offering, embedding new ways of working to deliver enhanced customer experiences more rapidly, safely and securely and revitalising the Bankwest brand,” he said.

[Related: AFG state manager joins Loan Market]

Bank MD steps down, replacement appointed
sinead taylor ta
TheAdviser logo
sinead taylor ta

Malavika Santhebennur

Malavika Santhebennur

AUTHOR

Malavika Santhebennur is a content specialist at Momentum Media, focusing on mortgages and finance writing.

JOIN THE DISCUSSION

You need to be a member to post comments. Register for free today

MORE FROM THE ADVISER

mark pesce futurist ajxjkn

Automation is changing, not replacing, the role of finance brokers

On Thursday (4 August), the Australian Financial Review (AFR) ran a story with the headline: “Finance brokers top...

READ MORE
des hang carbar zaheer jappie carclarity ta qtvnqr

CarClarity confirms partnership with car subscription platform

Established in March 2020, CarClairty is a finance platform that connects car buyers with more than 30 different...

READ MORE
anthony albanese profile ta vtpifc

Further grants confirmed for flood survivors, $47m pledged

According to a statement released by the federal government, the Back Home grant will be made available to impacted...

READ MORE
magazine
Read the latest issue of The Adviser magazine!
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
Read more