Feb 3 (Reuters) - Westpac Banking Corp (WBC) :
- ANNOUNCES CHANGES TO STRUCTURE AND EXECUTIVE
- ROLES OF CHIEF RISK OFFICER (CRO) AND GROUP EXECUTIVE, FINANCIAL CRIME, COMPLIANCE AND CONDUCT WILL BE COMBINED.
- LES VANCE, GROUP EXECUTIVE, FINANCIAL CRIME, COMPLIANCE AND CONDUCT WILL ALSO BE LEAVING GROUP LATER IN YEAR.
- RYAN ZANIN APPOINTED WESTPAC GROUP CHIEF RISK OFFICER
- EXPECTS TO INCUR A SMALL RESTRUCTURING CHARGE WITH ITS FIRST HALF 2022 RESULTS.
- EXPECTS TO BOOK ADDITIONAL RESTRUCTURING CHARGES AT GROUP'S FULL YEAR 2022 RESULTS.
- REDUCING SIZE OF CORPORATE FUNCTIONS BY AROUND 20 PER CENT
- CHANGES HAVE ALREADY COMMENCED, WITH REDUCTION IN HEADCOUNT OF MORE THAN 1,100 DURING PAST QUARTER
- HEADCOUNT REDUCTIONS INCLUDE MIX OF THIRD-PARTY CONTRACTORS AND STAFF
News: WBC Westpac Announces Changes To Structure And Executive
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