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Westpac Institutional Bank establishes Asia advisory board and strengthens Asia capability

Westpac Institutional Bank establishes Asia advisory board and strengthens Asia capability

Thursday 14 November 2013

Westpac Institutional Bank announced on Thursday it has established an Asia advisory board including a former Singaporean Minister, and also strengthened its Asia capability through the appointment of a Chief Risk Officer for Asia. Sections of both media releases are below, as well as links to the full versions on the Westpac website.


Westpac Institutional Bank establishes Asia advisory board and appoints Hwee Hua Lim as its first non-executive member (media release)

Westpac Institutional Bank (WIB) has today announced the creation of an Asia Advisory Board and appointed former Singaporean Minister and financial services expert, Hwee Hua Lim as its first non-executive member.

Appointed as a Minister in the Prime Minister’s Office in 2009, Ms Lim served as Second Minister for Finance and Second Minister for Transport and was the first female Minister of Singapore’s Cabinet. During her time in government, she was instrumental in implementing leading reforms across the accounting sector, addressing capital and growth needs of the small and medium enterprises.

Prior to pursuing a political career, Ms Lim had a varied and successful career in financial services. In 1989, she joined Swiss Bank Corporation as an investment analyst and in 1992 joined Jardine Fleming, where she served as Head of Research and Director of Business Development. In 2000, she joined Temasek Holdings as Managing Director of Corporate Stewardship and later as Managing Director of Strategic Relations.

WIB Chief Executive and Asia Advisory Board Chairman, Rob Whitfield said “We are delighted to have a person of Ms Lim’s experience providing guidance and support for Westpac’s strategy in Asia.”

“The purpose of the Asia Advisory Board is to provide insights and leadership as we continue to strengthen our customer led strategy in the region.”

“Ms Lim’s broad experience and deep regional knowledge will be invaluable to Westpac as we continue to shape our understanding and build key regional relationships,” he said.

The creation of an Asia Advisory Board further reflects Westpac’s considered and deliberate strategy in Asia and will advise management on its strategies and initiatives to continue to strengthen the businesses current positioning in Asia.

For the full press release visit


Westpac strengthens Asia capability with appointment of experienced Chief Risk Officer (media release)

Westpac Institutional Bank (WIB) today announced the appointment of Anju Abrol as Chief Risk Officer for Asia, further strengthening its local capability in the region.

Based in Singapore, Westpac’s regional head office, Ms Abrol will be responsible for risk management across Asia for Westpac and support the businesses Asia strategy as it continues to deepen its product and service capabilities in the region.

Ms Abrol brings with her extensive regional experience. She joins Westpac following a distinguished career at Bank of America Merrill Lynch (BAML) where she was one of the bank’s most senior and experienced Risk Executives in Asia.

In a career spanning 25 years, Ms Abrol has held regional leadership roles at BAML in Singapore, New York, Hong Kong and India. Prior to joining Bank of America in 1998, Ms Abrol worked at Peregrine Fixed Income and Deutsche Bank having started her career at ANZ Bank in India.

For the full press release visit