St George confident while looking for new chief

St George Bank is expected to move quickly to name a replacement for Gail Kelly, recently appointed as the new chief of Westpac. In his role as acting CEO, retail banking head Paul Fegan and several other St George executives held briefings yesterday to reassure investors that the bank would continue to perform well without Mrs Kelly. Mr Fegan joined St George in 2002 from National Australia Bank to head the wealth management arm and is considered the leading internal contender for the top job. Outsiders that could be considered are ANZ's retail banking boss Brian Hartzer, NAB's head of retail banking Andrew Thorburn, and the retail banking boss of Westpac, Michael Pratt.

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