The rate at which the bank has split, combined and again split its consumer and business divisions is enough to give it whiplash. But Peter King’s latest call is correct.
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As he takes the reins of Westpac’s retail bank again - a position he held under Gail Kelly - Jason Yetton will dig into a deep career to fix a range of problems.
Westpac has decided to fold the Specialist Businesses Division that once housed its platforms, superannuation and insurance businesses, redeploying its lead Jason Yetton.