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Westpac has appointed Guilherme Lima as chief executive of its business bank.

Mr Lima, who was previously HSBC’s head of wealth management in Hong Kong, will join Westpac’s expanded business unit later this year.

Westpac had been looking to fill the role since March, when it announced it would absorb the private wealth, investments and superannuation capabilities of its BT Financial unit into the business bank.

Unit CEO David Lindberg switched to lead consumer banking, with retail boss George Frazis departing.

Mr Lima has 22 years’ experience in banking and consulting in Asia, Europe, Latin America and the US, and is a former partner at financial services practice McKinsey.

“His background in leading strategic change on a global basis, as well as his domain expertise in banking and wealth, will be particularly valuable as we seek to grow the breadth of our customer relationships,” Westpac chief executive Brian Hartzer said.