Mr Maxsted was Chairman of Westpac from December 2011 to April 2020, having joined the board as a non-executive director in March 2008. During his tenure, Mr Maxsted held other chair and non-executive director roles, including with BHP and Transurban, and was Managing Director of Align Capital Pty Ltd. He was formerly a Partner at KPMG and CEO of that firm from 2001 to 2007. His principal area of practice prior to his becoming CEO was in corporate recovery.