Major bank appoints new GM for Asia Pacific

Michael Correa, who joined Westpac’s financial markets team in 2011 leading the global capital markets business, will move from Sydney to Singapore and start an immediate transition into his new role.

As GM for Asia Pacific, Mr Correa will be responsible for overseeing all of Westpac’s business operations in Asia, including client, partner and regulator relationships.

He will report to Lyn Cobley, group executive for Westpac Institutional Bank.

Commenting on the appointment, Ms Cobley said: “We are excited to welcome someone of Michael’s calibre to Westpac’s Asian franchise.

“Michael’s appointment reflects our strategy and continued commitment to customers, by providing them with deep local market knowledge and connectivity. His financing and client expertise means he is perfectly positioned to help our customers make the most of this dynamic and fast-growing region as they take part in the ever-increasing trade and investment flows.”

Prior to joining Westpac, Mr Correa spent 17 years with ANZ, including eight years in Asia, where he was the regional head of global markets, Asia Pacific, and global head of structured products and equity.

Westpac has branches in Singapore, Hong Kong, Shanghai, Beijing, Mumbai and a representative office in Jakarta.

[Related: Westpac to collect customer repayment history next month]