Westpac has named "battle-hardened" banking veteran John McFarlane as its next chairman to help it recover from the fallout of a massive money laundering and child exploitation scandal.
Westpac chief executive Brian Hartzer is stepping down and chairman Lindsay Maxsted will follow as Australia's second largest bank tries to keep hold of customers appalled at its money laundering and child exploitation scandal.
Ewen Crouch AM has been appointed as a member of the Remuneration Tribunal for a period of five years by the Governor-General, His Excellency General the Honourable Sir Peter Cosgrove AK MC.