Westpac Institutional Bank has appointed Andrew McDonald as general manger of corporate and institutional banking.
McDonald will be responsible for the ongoing delivery of the institutional bank's customer engagement strategies and play a critical role in supporting its growth strategies.
He has been with Westpac Institutional Bank since 1997 and with Westpac Bank since 1986, leaving the bank to pursue a number of treasury, corporate finance and strategic customer-facing positions with Sumitomo Australia and Standard Chartered Bank.
He has been with Westpac's institutional arm in a number of leadership roles and possesses a deep understanding of customer needs and a proven ability to advise and develop customer's growth strategies, Westpac said.
"Over his 16 years, Andrew has gained a broad understanding of our business, having held executive positions within our large corporates, debt capital markets and financial markets businesses," said chief executive Rob Whitfield.
McDonald will replace Jeff Mitchell, who is moving on to the position of group general manager of strategy and implementation.
The $340 billion fund has welcomed three senior investment executives to its London office as it continues to internalise the management of international equities, its single largest asset allocation.
The fund has hired a former ART executive as its new head of group strategy.
The sovereign wealth fund has revealed six internal hires to support the execution of key strategies.
The fund has announced the departure of a second senior executive in as many months, with its chief member officer to finish up mid-December.