Former Telstra chief executive Ziggy Switkowski and Energy Security Board chairwoman Kerry Schott have been named as two of three independent members of Westpac's panel investigating the money-laundering scandal that has engulfed the bank.
The findings of the review will be published and include recommendations for the bank to improve its financial crimes and risk governance.Dr Switkowski is chancellor of RMIT University, chairman of NBN Co and director of Tabcorp. He was Telstra chief executive from 1999 to 2004. He was made an Officer of the Order of Australia for his work in tertiary education and contributions to scientific organisations, the telecommunications sector as well as to business and the arts.
“We are determined to deal with shortcomings in our financial crime processes in a comprehensive and durable manner," Mr Maxsted said.
This is gross. This man is appalling. He destroyed Telstra. Westpac