David Morgan (businessman)

David Morgan (businessman)
David Morgan
Born March 1947
Melbourne, Victoria, Australia
Occupation Former CEO, Westpac Banking Corporation
Spouse Ros Kelly

David Raymond Morgan AO is the former CEO and Managing Director of Westpac Banking Corporation, one of Australia's four major banks and Chairman of the Australian Bankers Association.


Early life, education and personal life

Spending his childhood as a child actor on shows including 'The Sea Spray' and 'The Terrible Ten', Morgan was also featured in a movie called 'Funny Things Happen Down Under' appearing alongside Olivia Newton-John. Morgan played professional Australian Rules Football in the ACT before being approached by the Richmond Football Club, where he only played a few games in the pre-season before moving to London.[citation needed]

Morgan was educated at Malvern Grammar School and later Melbourne High School.He studied economics at La Trobe University (1st Class Honours), before studying at the London School of Economics where he received a Master of Science in Economics (with Distinction) and a Doctorate of Philosophy (Economics). He is also a graduate of Harvard Business School, where he completed the Advanced Management Program. While at La Trobe, Morgan was foundation President of the Sports Union, foundation Captain of the football team and also captain of the University’s first cricket team. He played for the All Australian Universities football team and was picked in the opening Richmond AFL side of 1972. He set a new goal kicking record of 176 goals playing for La Trobe in the Panton Hills League.

Morgan is married to Ros Kelly, a former minister in the governments of Bob Hawke and Paul Keating.[1] His son, Benjamin David Morgan, is also studying at the London School of Economics in 2009.

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. In December 2006, he announced that he would not be seeking another term as CEO of Westpac.[citation needed] In 2008 he retired as CEO of Westpac.

Current occupation

Morgan is the former Chief Executive Officer and Managing Director of Westpac. Since leaving Westpac he took up a directorship at BHP Billiton and subsequently moved to London to head up the private equity group JC Flowers. Morgan is currently a Non-Executive Director at Castle Trust (see - http://www.castletrust.co.uk/about-us/who-we-are).

He was made an Officer of the Order of Australia in 2009.[2]



  1. ^ New boss commits to steering Melbourne's future, par. 19
  2. ^ The Age (2009). Australia Day honours. Retrieved January 26, 2009.

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