Briefs: Teachers new CEO, Westpac pressed on climate disclosures, BNK appoints CFO 18 October 2023 4:55AM Teachers Mutual Bank, Appointments, Westpac New Teachers Mutual CEO Anthony Hughes Former Westpac and Commonwealth Bank executive Anthony Hughes has been appointed chief executive of Teachers Mutual Bank. He replaces Steve James, who is retiring after 44 years at the bank, including 18 as CEO. Hughes has held a number of senior roles in retail banking, most recently as managing director mortgages at Westpac. He was the chief financial officer at BT Financial Group and was general manager deposit and transaction products at CBA. Westpac has received a notice from shareholders requesting resolutions relating to its climate transition plans, which will be put at the annual general meeting in December. The company’s current climate policy includes a requirement that upstream oil and gas customers have “credible transition plans” in place prior to 2025 in order to receive further funding. The resolution calls for additional disclosure: whether all fossil fuel companies will be required to have such plans in place prior to 2025; and how Westpac will assess these plans to meet the test of “credible”, which should not include undue reliance on emissions offsets. BNK Banking Corp has appointed Stephen Kinsella as its new chief financial officer. Kinsella joins BNK from Avenue Bank where has worked as CFO for the past two years. His previous experience includes senior roles at Commonwealth Bank, Bankwest and ABN Amro. He was CFO of CBA’s institutional banking and markets division for seven years and was CFO of the bank’s business and private banking division for five years.
