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Winder has been acting CFO since June 2012 and will now officially join the executive team, reporting to group executive Rob Whitfield.
"Terry's broad experience brings a strong commercial focus to the role, along with a deep understanding of the institutional banking business and an ability to navigate a changing regulatory environment," Whitfield said.
Before joining Westpac in 2010, Winder held senior treasury positions at Merrill Lynch in the investment bank's Tokyo, Sydney and London offices.
His roles included international treasurer covering Europe, the Middle East, Africa and Pacific Rim regions, and chief administrative officer, Australia.
The $205 billion super fund has appointed Simon Warner as chief investment officer (CIO) following a global search to replace outgoing Damian Graham.
Industry super fund Rest has appointed an interim head of private markets following the exit of Simon Esposito.
Two former Statewide Super executives have been acquitted of dishonesty charges following a trial in the District Court of South Australia.
Allianz Retire+ has announced major leadership changes with the appointment of a new CEO and distribution heads to help expand its presence across the institutional channel.