Westpac has hired Guilherme Lima as chief executive of its new restructured Business division, to start later this year.
Lima joined Westpac from HSBC where he was group head of wealth management and was previously group head of strategy in London and a partner at consulting firm McKinsey & Co. In total, he had 22 years of experience in banking and consulting.
The Westpac Business division was created following a restructure in March when the private wealth, platforms, investment and superannuation businesses were merged into a Business division.
He would be replacing Alastair Welsh, who had been working in the role on an interim basis since March until a replacement was found.
Westpac group chief executive, Brian Hartzer, said: “I am 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.”