Westpac Institutional Bank Appoints Andrew McDonald as General Manager, Corporate & Institutional Banking
3 April 2013
Westpac Institutional Bank has today announced the appointment of Andrew McDonald as General Manger of Corporate and Institutional Banking.
Andrew will join Chief Executive, Rob Whitfield’s leadership team and will be responsible for the ongoing delivery of the institutional bank’s customer engagement strategies, playing a critical role in supporting the business’ plans for growth.
Andrew has held senior positions within Westpac Institutional Bank since 1997. He possesses a deep understanding of customer needs as well as a proven ability to advise and develop customers’ growth strategies through their partnership with the Bank.
Westpac Institutional Bank, Chief Executive, Rob Whitfield said “Andrew’s leadership and dedication to our customers make him a strong addition to the executive team and I am confident that he with continue to strengthen our position as Australia’s No.1 Institutional Bank*.”
“Building strong and deep partnerships with our customers is critical to the ongoing success of our business. Over his 16 years, Andrew has gained a broad understanding of our business having held executive positions within our Large Corporates, Debt Capital Markets and Financial Markets businesses,” he said.
Andrew replaces Jeff Mitchell who recently accepted the position of Group General Manager, Strategy and Implementation. Starting his banking career with Westpac in 1986, Andrew went on to hold a number of key treasury, corporate finance and strategic customer facing positions with Sumitomo Australia and Standard Chartered Bank, before returning to Westpac Institutional Bank in 1997.
“Andrew’s appointment to this position is a clear recognition of the strength of our leadership talent and the ongoing investment in our people,” Mr Whitfield said.
Westpac Banking Corporation (Westpac) was founded in 1817 and was the first bank established in Australia. Today, the Westpac Group has branches and controlled entities throughout Australia, New Zealand and the near Pacific region and maintains offices in key financial centres around the world including London, New York, Hong Kong, mainland China, Singapore and India. Westpac Group employs approximately 37,000 people and has three key customer facing divisions through which we serve around 12 million customers.
About Westpac Institutional Bank
Westpac Institutional Bank (WIB) delivers a broad range of financial services to commercial, corporate, institutional and government customers with connections to Australia and New Zealand.
WIB operates through dedicated industry relationship and specialist product teams with expert knowledge in transactional banking, financial and debt capital markets, specialised capital, and alternative investment solutions.
* Peter Lee Associates Large Corporate and Institutional Banking Survey, Australia