$4.7m-per-year banker to head NSW Treasury

Making the move from the private to public sector, Rob Whitfield will bring 30 years’ experience in the banking sector to his new role at NSW Treasury. But it comes with a 90% pay cut.

Former Westpac senior executive Rob Whitfield has been appointed New South Wales Treasury secretary, foregoing a potentially huge paycheck in the private sector.

Rob Whitfield

Rob Whitfield

Whitfield, who earned $4.7 million last year, announced he was leaving Westpac Banking Corporation last month. He was appointed group executive of Westpac’s Institutional Bank in 2009 and is chairman of Westpac’s Asia Advisory Board.

The 50-year-old will replace outgoing secretary Phil Gaetjens, who announced in April he will stand down after four years in the role and return to Canberra for family reasons.

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