Briefs: Westpac appoints new director, ME director for BOQ board, Wisr launches brand campaign 23 July 2021 6:14AM Banking Day staff Briefs, Appointments, Westpac, Bank of Queensland, Consumer lending, AML/CTF, Finance regulation, Insurance, funds and super New Westpac director Audette Exel Former managing director of Bermuda Commercial Bank and chair of the Bermuda Stock Exchange, Audette Exel, has joined the Westpac board as an independent non-executive director. She will join the board risk committee and the board technology committee. She is the founder and chair of Adara Group, a social enterprise focused on improving health and education for women and children living in poverty. Former ME Bank director Deborah Kiers has joined the Bank of Queensland board, replacing the retiring Kathleen Bailey-Lord. Kiers is a former managing director of JMW Consultants, which provides strategic advice to boards and executive management teams. BOQ chair Patrick Allaway said her appointment would support the integration of ME Bank. Consumer lender Wisr has launched its first national brand campaign on the back of its sponsorship of the Tokyo Olympic Games. The campaign theme is “For your smart part”, with a focus on Wisr’s financial wellness services. Kiwi-owned bank TSB has settled with the RBNZ and agreed to pay a NZ$3.85 million fine, after admitting its anti-money laundering systems were inadequate, according to interest.co.nz. The High Court is now considering the proposed settlement. The Reserve Bank of NZ first warned TSB in 2016 over alleged failures to comply with AML/CTF legislation. It launched court action – the first time it has done so – in 2019 over alleged continuing non-compliance. The Reserve Bank of New Zealand is seeking views on an interim Solvency Standard for insurers, which will determine the minimum amounts of capital that insurers must hold. Submissions are due by 1 October.
