Westpac reshuffles NSW management

by Mackenzie McCarty27 Apr 2012

Westpac's broker distribution team has a new national manager of strategic partnerships, after former NSW state manager Paul Bakker was boosted into the role yesterday.

Bakker replaces Michael Karpathakis, who has left Westpac's mortgage broker distribution team for Loan Market, where he will be NSW state manager for the mortgage broking franchise.

Westpac has also announced that Frank Speranza would fill the vacancy left by Bakker as NSW state manager.

Commenting on Bakker's appointment, Westpac head of mortgage broker distribution Tony MacRae said he will be tasked with ensuring Westpac continues to gain traction with aggregators.

"As part of Westpac's mortgage broker leadership team, he will work closely with aggregator partners nationally to manage and communicate key changes, in addition to updating them on market activities undertaken to strengthen Westpac's broker market proposition,"  MacRae said.

Frank Speranza previously acted in the NSW state manager position over the December and January Christmas period, but was more recently bank manager at national branch leader Burwood.

"During this time he has led the growth of Westpac's local Burwood customer portfolio, achieved exceptional sales performance in difficult markets and delivered exceptional advocacy especially in our key affluent segment," MacRae said.

"He has also built great partnerships with Westpac brokers directly in the inner-western metropolitan Sydney suburbs, as well as aligning Westpac Broker with Westpac Retail to work as one team locally."

Related stories:

Broker squad coming to branch near you: Westpac