Rob Whitfield was the chief executive of Westpac's Institutional Bank from 2009 to 2015.
Embattled Westpac chairman Lindsay Maxsted strongly backed the bank's chief executive but raised the prospect of stepping down from the bank's board early.
Westpac's board will withhold bonuses from all of its senior executives as an"interim"measure in response to the money laundering crisis engulfing the bank.
Treasurer Josh Frydenberg has put Westpac on notice to expect another investigation into its money-laundering controls and warned executives could be banned.
Westpac knows the breaches relating to possible child exploitation have rocked it the most and increases the pressure on Brian Hartzer and chairman Lindsay Maxsted.
Westpac chairman Lindsay Maxsted has backed the bank's embattled chief executive Brian Hartzer after the lender was thrown into turmoil by a money-laundering compliance scandal.
The shocking revelations about the bank's failures to protect against money laundering - even a child sex trafficker - has led me to ask:can I bank ethically?
The compliance scandal engulfing Westpac has sparked warnings the bank faces a fine as large as the record-breaking $700 million paid by Commonwealth Bank.
If chairman Lindsay Maxsted finds Hartzer has any personal responsibility for the breaches revealed this week - he's unlikely to last as CEO.
Scott Morrison says the board of Westpac should reflect “very deeply” on the future of chief executive Brian Hartzer in wake of alleged money laundering scandal.
Westpac chief executive Brian Hartzer has rejected claims the bank's senior management was indifferent to the risks that triggered a massive money laundering scandal.