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Briefs: Cash Store loses CEO, Hartzer gains A$8.6 million

* Gary Holden is standing down as chief executive of short-term lender Cash Store Australia. The business has had to restructure to meet payday lending rules, and closed 10 stores during the June quarter. The company, listed on Toronto's TSX Venture Exchange, reported a net loss of C$11.4 million (A$11.0 million) for the year to June 2012, with revenue down 56.3 per cent. No replacement for Holden has been announced.* New Westpac Australian Financial Services' head, Brian Hartzer, was gifted shares now worth A$8.6 million and pocketed the third largest-ever sign-on bonus for a banker in Australia when he joined the bank earlier this year, the Australian Financial Review reports.

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