Killen Leaves Westpac

Hugh Killen, global head of fixed income, currencies and
commodities at Westpac, stepped down from the role yesterday, Profit & Loss understands.

Killen is leaving Westpac after a 16-year career with the
bank having joined in June 2001 from State Street in Sydney where he was on the
spot FX desk. Prior to State Street, Killen worked in spot FX at Dresdner
Sydney and Elders Finance in Sydney.

In his time at Westpac Killen worked as country head of the
Americas, based in New York, before returning to Sydney to head up first
institutional FX and then the global FICC business.

He was also a member of the Market Participants’ Group that
worked with the Bank for International Settlements’ FX Working Group on
producing the FX Global Code of Conduct, which was released last week. Sources
say Killen is taking a career break following the conclusion of the work on the
Code.

Multiple sources say that Simon Masnick is assuming the role
following Killen’s departure.

Masnick was acting global head of FICC at Westpac earlier
this year when Killen was on extended leave. He joined Westpac in mid-2011
following a 15 year career with Citi, where he was latterly head of rates
trading in Tokyo, and had spells in Hong Kong and Sydney.

Since joining Westpac, as global head of rates markets, Masnick
has stepped up to the role of global head of fixed income trading, and now to
the role vacated by Killen.

A spokesperson for Westpac tells Profit & Loss that Killen is taking a “career break” and “will be returning to Westpac in late-2018”.

Colin_lambert@profit-loss.com

Twitter @lamboPnL

Twitter @Profit_and_Loss

Colin Lambert

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