Professional Career
Morgan's experience prior to joining Westpac was primarily in the government and the financial sectors, having worked both for the International Monetary Fund in the 1970s, and the Australian Federal Treasury during the 1980s. Morgan reached the position of Senior Deputy Secretary during the Hawke-Keating federal government, where he contributed to government policy for the financial sector, specifically supporting the floating of the Australian dollar as well as financial deregulation more generally. He joined Westpac in 1990 as Deputy Managing Director of Westpac Financial Services Group and was appointed to the position of Chief General Manager, Asia Pacific Group in October 1991. In November 1992, he was appointed to the position of Group Executive, Retail Banking Group. After running the Retail Bank for two years, Dr Morgan was then appointed to the position of Group Executive, Institutional and International Banking Group and was appointed CEO in 1999. While David was CEO of Westpac, it was assessed as the global sustainability leader for the banking sector in the Dow Jones Sustainability Index from 2004–2007. In December 2006, he announced that he would not be seeking another term as CEO of Westpac. In 2008 he retired as CEO of Westpac.
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