WBC hires head of new business division, Guilherme Lima

Company News

by Jessica Amir

Westpac (ASX:WBC) has hired Guilherme (Guil) Lima as chief executive of its business division. He is currently HSBC Hong Kong’s group head of wealth management.

He’s also held roles in the retail and wealth management arm of HSBC’s Latin American region. Subject to the regulatory and visa approvals, Guil Lima will commence in the role later this year.

Guil Lima has also been partner at McKinsey and Co’s financial services practice for 13 years in New York and São Paulo, where he led commercial and retail banking businesses.

It follows Westpac unveiling plans in March to realign its Private Wealth, Platforms & Investments, and Superannuation businesses into a new business division.

The big four banks says his global expertise in banking and wealth, will be valuable as it grows its customer relationships in its new Business division.

Shares Westpac (ASX:WBC) closed 0.36 per cent higher at $28.08 yesterday
 

Jessica Amir

Finance News Network
Jessica joined FNN in January 2017 after having worked in financial advising for seven years and in TV journalism for seven years, specialising in finance, equities and analysis. She has interviewed former Prime Ministers of Australia, Tony Abbott, Julia Gillard and Kevin Rudd and ex Treasurer Jo Hockey. Jessica has worked as a journalist with Sky News Business, ABC 1, ABC's The Business, ABC24 and has also been a regional Channel 7 and 9 TV reporter with Prime7 and Win News.