Westpac Banking Corporation has confirmed that Anthony Miller commenced as Group Chief Executive Officer and Managing Director on 16 December 2024, completing a leadership transition flagged by the bank's board earlier in the year. Miller takes over from Peter King, who retired on 15 December 2024 after a 30-year career at Westpac — the last five of which were spent as Group CEO.
King's tenure included the bank's response to an enforcement action by Australia's financial intelligence agency AUSTRAC, which in 2020 resulted in the payment of a A$1.3 billion penalty following findings that Westpac had failed to report millions of transactions and had allowed transactions linked to child exploitation to proceed without adequate controls. King oversaw a multi-year remediation programme that touched financial crimes compliance, risk governance, technology systems, and customer remediation.
MILLER'S BACKGROUND
Anthony Miller was most recently Chief Executive of Westpac's Business and Wealth division, one of the bank's principal revenue-generating segments covering small and medium enterprise banking, commercial property finance and wealth management.
Before joining Westpac in 2020 as Chief Executive of its Institutional Bank, Miller served as Chief Executive of Deutsche Bank Australia and New Zealand. His earlier career also included investment banking at Goldman Sachs.
APPOINTMENT TIMELINE
Westpac's board announced the appointment on 9 September 2024.