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(Reuters) - Australia's Westpac Banking Corp on Thursday named a former Barclays boss as chairman, entrusting veteran banker John McFarlane to help steer it through the fallout of a massive money-laundering scandal...
He has significant Australian banking experience, significant British banking experience, and the Australian market knows him well, so I think it will be received positively.
My focus initially will naturally be on resolving the company's current issues but equally important, to position it as quickly as possible for long-term success.
He will shake up the executive ranks, and he won't hurry in appointing a CEO, he will back his own ability to be an executive chairman.