Bankwest MD steps down

Bankwest, a subsidiary of the Commonwealth Bank of Australia (CBA), has announced that Rowan Munchenberg has stepped down as managing director, after nearly three years in the role, to "pursue other opportunities."

In acknowledging his service, Angus Sullivan, CBA group executive for retail banking services, said: "Rowan is a widely respected and values-driven leader and has placed customer needs at the heart of Bankwest."

Sullivan added: "[Rowan] has secured a firm foundation for the future by prioritising investment in Bankwest's digital and broker offering, embedding new ways of working to deliver enhanced customer experiences more rapidly, safely and securely and revitalising the Bankwest brand."

Munchenberg's successor is Sinead Taylor, the first female to lead the organisation in its 124-year history. Taylor was formerly Bankwest executive general manager, personal and business banking and will be confirmed as managing director permanently subject to regulatory approval.