Wesfarmers Insurance boss to retire
Wesfarmers Insurance CEO and MD Bob Buckley has taken the division to unprecedented heights, but he will retire on July 1 after more than 40 years in the industry.
His replacement is former investment banker Rob Scott, who has worked in the insurance division since last May.
Last year Mr Buckley steered the company’s $700 million bid for insurance network OAMPS. That came on top of the 2003 acquisition of Lumley’s operations in Australia and New Zealand.
Mr Buckley moved to Perth in 2003 to become GM of Wesfarmers Federation Insurance. He had worked for NZI for 27 years, holding various management positions in Australia and the UK. He was Assistant GM of NZI from 1987 to 1993.
Mr Scott will be Deputy MD of the division until July. He joined Wesfarmers in 2004, and moved to the insurance division as Executive GM Strategic Development last year. Before that he was GM Projects in Wesfarmers’ business development team.
Mr Scott has held senior positions in the investment banking division of Deutsche Bank in Hong Kong and Sydney, including Co-Head of the Corporate Advisory group. He also had coverage of the bank’s transport and infrastructure businesses in Asia.
His replacement is former investment banker Rob Scott, who has worked in the insurance division since last May.
Last year Mr Buckley steered the company’s $700 million bid for insurance network OAMPS. That came on top of the 2003 acquisition of Lumley’s operations in Australia and New Zealand.
Mr Buckley moved to Perth in 2003 to become GM of Wesfarmers Federation Insurance. He had worked for NZI for 27 years, holding various management positions in Australia and the UK. He was Assistant GM of NZI from 1987 to 1993.
Mr Scott will be Deputy MD of the division until July. He joined Wesfarmers in 2004, and moved to the insurance division as Executive GM Strategic Development last year. Before that he was GM Projects in Wesfarmers’ business development team.
Mr Scott has held senior positions in the investment banking division of Deutsche Bank in Hong Kong and Sydney, including Co-Head of the Corporate Advisory group. He also had coverage of the bank’s transport and infrastructure businesses in Asia.