Wednesday, 22 March, 2017 - 12:32
Bankwest shifts non-WA corporate customers
Bankwest is shutting its corporate banking services outside of Western Australia and moving customers to its parent, Commonwealth Bank of Australia.
Rowan Munchenberg was the founding chief executive of Telstra BigPond. Mr Munchenberg joined the Commonwealth Bank in 2001, and in 2015 was appointed head of the banks South African venture Take Your Money Everywhere ('TYME'). Mr Munchenberg was managing director of Bankwest from January 2017 to September 2019.
Bankwest is shutting its corporate banking services outside of Western Australia and moving customers to its parent, Commonwealth Bank of Australia.
Business News sat down to lunch at Julio’s with new Bankwest managing director, Rowan Munchenberg
Commonwealth Bank of Australia has reported an increase in cash profit to $9.8 billion for the 2017 financial year, while its Perth-based subsidiary, Bankwest, delivered a fall in profit as a result of increased home loan impairments.
Bankwest has recorded a $339 million net profit for the first half of the financial year, fuelled by solid income growth and flat expenses, along with lower loan impairments compared to 2016.
Dale Alcock’s ABN Group has recruited former Arrium managing director Andrew Roberts as its chief executive, while announcing Bankwest as its new banking partner, after nearly 40 years with ANZ.
Bankwest is closing 29 branches along Australia's east coast and cutting 200 jobs, saying customers are increasingly using mobile banking.
Bankwest has posted a $681 million net profit for the 2018 financial year on the back of increased lending and a reduction in bad loans relative to 2017.
Bankwest has signalled its desire to expand its east coast presence, by signing a multi-year naming rights deal with the NSW government for a new 30,000-seat stadium in western Sydney.
Bankwest has announced the appointment of Sinead Taylor as the first female to lead the organisation in its 124-year history.
When I moved to Perth from Johannesburg earlier this year I was surprised by the views and perspectives of some people I met on the prospects for the WA economy.
Position | Company | Year | Company's current rank |
---|---|---|---|
Managing Director
|
2017 - 2019 | ||
Executive General Manager, Customer Experience, International Financial Services
|
2014 - 2015 | ||
Executive General Manager, Group Strategic Initiatives
|
2011 - 2014 | ||
Board Member
|
2018 - |