George Frazis

George was appointed Chief Executive, Consumer Bank for the Westpac Group in June 2015, responsible for managing the end to end relationship with consumer customers. This includes managing over 10,000 people and all consumer banking products and services under the Westpac, St.George, BankSA, Bank of Melbourne and RAMS brands. In his first 12 months in the role George achieved above market balance sheet growth while increasing cash earnings by 14%, core earnings by 13% and NIM by 12bps. This strong performance was again improved upon in FY16 where George delivered cash earnings growth of 14% at $2.981m and core earnings growth of 13% at $4,751m. In FY16 the Consumer Bank delivered the highest loan growth amongst peers whilst growing deposits at a similar rate. George delivered these stand out results whilst driving impactful productivity initiatives. As a result of this strong performance, Westpac Consumer Bank was awarded ‘Best Retail Bank in Australia’ by the Asian Banker. Prior to this appointment, he was the Chief Executive Officer, St.George Banking Group from April 2012. A division of Westpac Banking Corporation, St.George Banking Group comprised 4,600 people working across St.George Bank, Bank of Melbourne, BankSA and RAMS. St.George experienced tremendous momentum under George’s leadership with six positives halves, and cash earnings (profit after tax) which increased by 14% in the 2014 financial year and 17% in the 2013 financial year. George joined the Westpac Group in March 2009 as Chief Executive, Westpac New Zealand Limited where he was instrumental in improving the performance of the New Zealand business by tripling cash earnings over three years, growing home loans at twice the banking system average and achieving above average growth in Business Banking and Deposits during a period when the New Zealand economy was in a recession. Prior to his roles with the Westpac Group, George was Group Executive General Manager at National Australia Bank where he was responsible for restoring NAB as the number 1 Business Bank. A highly experienced financial services executive, George has also spent time as a senior executive with Commonwealth Bank of Australia as the Chief Financial Officer of the Institutional Banking Division. George has also been a partner with the Boston Consulting Group, both in Sydney and London. George started his career as an Engineering Officer in the Royal Australian Air Force with 77 Squadron, responsible for the maintenance of F/A-18 Hornet Fighter Jets. George is an Executive Member of the Business Advisory Council – UNSW Australian School of Business, a member of the 2020 Amnesty International Council and a Governor of the St.George Foundation.

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