Effective 7 March, Westpac announced the appointment of Mr Nash yesterday as an independent non-executive director. He will be a member of the board's risk and compliance committee, and the board's audit committee.
“Peter brings significant financial, accounting, risk management and business strategy expertise which will further complement the board’s capabilities,” said Westpac’s chairperson Lindsay Maxsted. Mr Maxsted was CEO of KPMG for six years, and stepped down in 2007.
“In addition, his experience in geographically diverse and complex operating environments and regulatory matters together with his focus on financial services, particularly banking, will be an asset to the board,” he said.
Mr Nash stood down as chairperson of KPMG in mid-2017 after six years at the helm, replaced by current chairperson Alison Kitchen. He was admitted to the KPMG partnership in 1993.
He holds several positions outside of professional and financial services. He is a board member of Reconciliation Australia, Migration Council Australia and Golf Victoria. He is also a member of the advisory board for the University of Melbourne Centre for Contemporary Chinese Studies.