AAP Finance

Westpac institutional bank chief retires

By AAP Newswire

Westpac head of institutional banking Lyn Cobley is retiring after more than 30 years in banking.

She is the third senior executive to leave the bank this month following the departure of consumer division head David Lindberg and chief technology officer Craig Bright.

Westpac's new CEO, Peter King, thanked Ms Cobley for her work heading the institutional bank during the past five years.

"Lyn navigated institutional banking during a period of intense global competitive pressures and structural changes across these markets following the global financial crisis," he said.

"Under Lyn's leadership the Westpac Institutional Bank team has worked tirelessly to meet the needs of the bank's government, corporate and institutional customers, most particularly during the COVID-19 pandemic."

Group treasurer Curt Zuber will act as institutional banking head from July 1 while Westpac does an international search.