Westpac's Lyn Cobley retires after 30 years | ASX Market Update

  • May 29, 2020 AEST
  • Team Kalkine

Westpac head of institutional banking Lyn Cobley is retiring after more than 30 years in banking. She is the third senior executive to leave the bank this month following the departure of consumer division head David Lindberg and chief technology officer Craig Bright. Westpac's new CEO, Peter King, thanked Ms Cobley for her work heading the institutional bank during the past five years.

New Zealand's Fonterra says its China dairy import volumes climbed 10.1 per cent in March after two consecutive months of declines as the world's second-largest economy reopens after coronavirus-induced lockdowns. The jump in China dairy imports, however, may not be sustained as the inventory levels are rebuilt.

Thorn Group has reported a full-year net loss of $81.1 million following the closure of its Radio Rentals stores and a writedown of its business finance division.

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