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BT appoints chief executive

BT chief executive

BT Financial Group has announced the appointment of a new chief executive, who is set to commence the role next month.

BT Financial Group (BTFG) has announced a new chief executive officer position will be added into its executive structure and has appointed Matthew Rady to take up  the role in October.

Rady was most recently chief executive at Allianz Retire+ before stepping down in July. He has previously held roles with financial technology company IRESS and was an executive director for banking and financial services at Macquarie Group for 18 years.

Westpac Group specialist businesses and group strategy chief executive Jason Yetton said Rady will drive customer and member outcomes, meanwhile enhancing BT’s performance as Westpac continues to strategically review the bank’s specialist businesses.

“I am pleased that someone of Matt’s calibre will join us to ensure the business enters its next phase in a strong position,” Yetton said.

As chief executive, Rady will oversee a combined business that includes BT platforms, including BT Panorama, BT’s personal and corporate super, and investments.

BTFG managing directors Kathy Vincent and Melinda Howes will report to Rady, with Vincent overseeing BT Panorama and Howes focused on superannuation outcomes for members.

BTFG has not had a chief executive position since the 2019 departure of Brad Cooper, who left the business after Westpac merged the BTFG business into the bank’s consumer and business divisions.

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