Bartlett new head of St George
Talk of transplanting aspects of the St George culture and approach to banking to Westpac may have been rhetoric for the consumption of St George staff and in particular the executive team rather than any concrete plan.The initial management line up at Westpac following its takeover of St George (and which becomes effective later the week after next) shifts only a couple of St George executives into wider group function.One is Geoff Lloyd, now CEO of Asgard, who will become general manager of advice and private banking at BT Financial. A second is Greg Targett as deputy chief risk officer.Greg Bartlett joins the management committee of Westpac as CEO of the St George retail and business bank. Bartlett is currently head of business banking at St George.Internal speculation that Rob Chapman would get the job, and effectively replacing Pal Fegan, the St George CEO who is leaving the bank, proved wrong. There is talk Chapman proposed to commute to Sydney from Adelaide and scratched himself as a prospect for the job. He remains as CEO of Bank of South Australia.Les Mathieson, the head of retail banking at St George (and who signed on just prior to Westpac's bid) and Michael Cameron, the chief financial officer, will both leave the bank.