Major appoints business division CEO

by Madison Utley19 Jun 2019

A major has just appointed the new CEO of its business division. 

Westpac has welcomed Guilherme (Guil) Lima into the position from his previous role as group head of wealth management at HSBC in Hong Kong.

In March, Westpac restructured its private wealth platforms and investments, and superannuation businesses into a new business division.

At the time, GM of commercial banking, Alastair Welsh, was placed at the head on an acting basis, while a search was conducted for a permanent replacement.

Westpac CEO Brian Hartzer said, “I’d like to thank Alastair Welsh. Al is doing a great job managing the transition and ensuring the division continues to run smoothly.”

Cumulatively, Lima has 22 years of experience banking and consulting in Asia, Europe, Latin America and the United States.

Lima spent ten years at McKinsey & Co where he led client relationships across emerging and developed markets in retail and wholesale banking and wealth management. He was appointed a partner in 2007.

He then started at HSBC as group head of strategy in London in 2010.

He holds a Bachelor of Business Administration from a Brazilian private higher education institution, Fundação Getulio Vargas (FGV) and a Master of Business Administration in Strategy, Corporate Finance and Investment Management from Harvard Business School.

Hartzer said, “I’m delighted to welcome Guil to the group executive team. His background in leading strategic change on a global basis, as well as his domain expertise in banking and wealth, will be particularly valuable as we seek to grow the breadth of our customer relationships across the new business division.”

 Lima will commence in the role later this year.