The head of institutional banking at Westpac is leaving after almost 30 years with the company and will be replaced by one of Commonwealth Bank of Australia's most experienced executives.
The S&P 500 has finished at a new record following strong earnings from Best Buy and news that CVS Health would acquire senior pharmacy services company Omnicare for $US12.7 billion ($A16.13 billion).
The Australian share market has closed higher as bargain hunters piled into most of the major banks, and the big miners found support from investors betting on further economic stimulus measures in China.
US stocks have finished mostly lower after a short-lived jump that came when the Federal Reserve's policy meeting minutes cast doubt on an interest rate hike in June.
Michael Chaney’s return to Wesfarmers confirms his standing as the most influential company director in WA. Click through to see our listing of the 12 Most Influential company directors in WA.
The Australian share market gained nearly 0.7 per cent but it was considered disappointing given the stronger leads provided by European and US markets.