Westpac Banking Corporation (ASX:WBC) announced on Wednesday that it was bringing together the leadership of its Consumer and Business divisions into a new Consumer & Banking division.
The new division will be led by the current chief executive, Consumer, Chris de Bruin.
The merged sector will push simplification of banking processes and support in reducing the cost by strengthening backing functions.
The changes will be effective from 22 March 2021.
Meanwhile, the share price of the stock WBC was quoted at A$24.520 per share at 2:36 PM AEDT.
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