Heritage Bank appoints new Chief Financial Officer

29 November 2017

Heritage Bank has today announced the appointment of Paul Williams to the Chief Financial Officer (CFO) role on a permanent basis.

Mr Williams has been with Heritage Bank since 2000, initially as Treasurer and more recently as Chief Strategy and Investment Officer.  He has been acting as interim CFO for the past 12 months, while the incumbent Mr Peter Cleary has dealt with ongoing health issues.

Mr Cleary has now stepped down from the CFO role and taken up a position as Special Advisor to the CEO.

CEO Mr Peter Lock said he was delighted to announce that Mr Williams had accepted the new role.

“Paul's commitment, passion and energy for our business is outstanding,” Mr Lock said.

“As CFO, Paul will have responsibility for Finance, Treasury, Strategy and our new Business Intelligence capabilities.

“We are excited to announce Paul’s position and to recognise the contribution he has made to Heritage over the years in his Treasury and Strategy roles.  Combining Paul’s previous experience and duties with that of the CFO will make this a seamless transition.

“This is a demanding and complex role. I’m sure Paul will continue to thrive in the position, and deliver outstanding results for Heritage.”

Before joining Heritage, Mr Williams held a number of Treasury roles at Bank of Queensland and prior to that property analyst roles in Sydney and Durban, South Africa.


Mr Lock also applauded the contribution that Peter Cleary had made during his long career at Heritage.

“I want to thank Peter for his commitment, guidance and tireless effort as our CFO. We wish him all the best as he continues in his recovery journey, and we’re delighted that he will remain at Heritage in his new role and we will continue to benefit from his expertise and presence.”