Profit & Loss understands that Ian O’Flaherty has joined Westpac as head of digital solutions and client technology. Based in London, he will report to Sydney-based Giulio Katis, managing director and head of financial markets e-commerce at the bank. O’Flaherty has been consulting in the e-fixed income space since leaving Deutsche Bank in mid-2018 after a […]
Hugh Killen, global head of fixed income, currencies and commodities at Westpac, stepped down from the role yesterday, Profit & Loss understands and is taking a career break.
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.
ANZ and Westpac have both accepted enforceable undertakings (EU) from the Australian Securities and Investment Commission (ASIC) relating to control failures in their global FX businesses.
In December, the other two “majors” in Australia, CBA and NAB, each paid AUD 2.5 million after accepting similar charges.
Both ANZ and Westpac will both make a “community benefit payment” of AUD 3 million to support the financial capability of vulnerable people including women experiencing family violence, the elderly and youth at risk, ASIC says.