Lyn Cobley retires

ASX
Release


29 MAY 2020

LYN COBLEY RETIRES

Westpac today announced that Lyn Cobley, Chief Executive of Westpac Institutional Bank,
is retiring from the bank.

Westpac CEO, Peter King, thanked Ms Cobley for her contribution in leading the
Institutional Bank over the last five years. “Lyn navigated institutional banking during a
period of intense global competitive pressures and structural changes across these markets
following the global financial crisis.

“Under Lyn’s leadership the Westpac Institutional Bank team has worked tirelessly to meet
the needs of the bank’s government, corporate and institutional customers, most particularly
during the COVID-19 pandemic.”

Ms Cobley said after more than 30 years in banking it was the right time to retire from
executive life.

“I have thoroughly enjoyed a long and varied banking career. However, having held
executive positions through a number of significant events, including the GFC and this year
the COVID-19 pandemic, it is now time to step back and develop a portfolio career,
including Board positions,” said Ms Cobley.

Curt Zuber, Group Treasurer will act as Chief Executive Westpac Institutional Bank from 1
July, while an international search is undertaken. Joanne Dawson, Chief Financial Officer,
Westpac Institutional Bank & Treasury, will act as Group Treasurer during this period.

Mr Zuber has worked in financial markets for over 30 years and been with Westpac for 25
years. He was appointed Westpac’s Treasurer in 2004. Ms Dawson joined Westpac
Treasury in 2003 and was appointed Deputy Treasurer in 2008 where her responsibilities
included global funding, group liquidity and balance sheet management. In 2019 she
completed a Sloan MSc in Leadership and Strategy at the London Business School.

For further information:

David Lording Andrew Bowden
Group Head of Media Relations Head of Investor Relations
0419 683 411 0438 284 863


This document has been authorised for release by Tim Hartin, General Manager & Company
Secretary.
 
Level 18, 275 Kent Street
Sydney, NSW, 2000