{{short description|Australian businessman}} {{Use dmy dates|date=April 2025}} {{Use Australian English|date=September 2015}}
'''Lindsay Maxsted''' is an Australian businessman.<ref name="forbes">{{Cite web|url=https://www.forbes.com/profile/lindsay-maxsted/|title=Lindsay Maxsted|website=Forbes|url-status=dead|archive-url=https://web.archive.org/web/20141016104443/https://www.forbes.com/profile/lindsay-maxsted/|archive-date=16 October 2014}}</ref><ref name="theage">Marc Moncrief, [http://www.theage.com.au/national/power-and-the-passion-play-across-the-boards-20120817-24dz0.html Power and the passion play across the boards], ''The Age'', 18 August 2012</ref><ref name="theaustralian">{{Cite web|url=https://www.theaustralian.com.au/subscribe/news/1/?sourceCode=TAWEB_WRE170_a&dest=https%3A%2F%2Fwww.theaustralian.com.au%2Ftop50%2F2012%2Flindsay-maxsted%2Fnews-story%2Ffbbeedebb67a5bf870deb3e3eb69cf61&memtype=anonymous&mode=premium&nk=ac5de77ceae83b3a37553f1525ab8471-1587064679|title=Lindsay Maxsted|date=7 February 2012|website=The Australian|access-date=2020-04-16}}</ref> He served as the chairman of the board of Westpac.<ref name="forbes"/><ref name="theage"/><ref name="theaustralian"/><ref name="westpacboard">{{cite web |title=Board of Directors |url=https://www.westpac.com.au/about-westpac/westpac-group/board-of-directors/ |publisher=Westpac|accessdate=2019-11-26}}</ref><ref name="transurban">[http://www.transurban.com/32.htm Transurban Group Board of Directors] {{webarchive|url=https://web.archive.org/web/20130206143721/http://www.transurban.com/32.htm |date=6 February 2013 }}</ref><ref name="johndurie">John Durie, [http://www.theaustralian.com.au/business/opinion/new-westpac-chairman-lindsay-maxsted-must-wind-back-board-positions/story-e6frg9io-1226053959336 New Westpac chairman Lindsay Maxsted must wind back board positions], ''The Australian'', 11 May 2011</ref>
==Biography== Maxsted was born and raised in Geelong, Victoria.<ref name="afr">{{Cite web|url=http://wordmakers.com.au/wp/wp-content/uploads/2013/06/AFR-Magazine_20110128_FINM.pdf|title=Changing of the guard|last=Cornell|first=Andrew|date=February 2011|website=Australian Financial Review Magazine}}</ref>
From July 1984 to February 2008, he was a partner of KPMG Australia and, from January 2001 to December 2007, was its CEO.<ref name="forbes"/><ref name="theaustralian"/><ref name="westpacboard"/><ref name="transurban"/><ref name="johndurie"/>
He joined the board of directors of Westpac in 2008 and was chairman from 2011 to 2020.<ref name="forbes"/><ref name="theage"/><ref name="theaustralian"/><ref name="westpacboard"/><ref name="transurban"/><ref name="johndurie"/> In November 2019, Maxsted announced that he was stepping down as chairman. That was in the context of heavy criticism of Maxted and the Westpac board by shareholders at the 2019 AGM, following the revelation by the financial watchdog AUSTRAC that the bank was facing charges after allegedly failing to investigate customers who made transactions possibly linked to child exploitation in the Philippines and South-East Asia.<ref>{{cite news |last1=Hall James |title=Westpac chairman Lindsay Maxsted faces jeers at bank’s annual general meeting |url=https://www.news.com.au/finance/business/banking/westpac-chairman-lindsay-maxsted-faces-jeers-at-banks-annual-general-meeting/news-story/8bc25ff1eb9f70fc94644f685923e861 |access-date=2025-12-20 |work=news.com.au |date=2019-12-12}}</ref>
According to the Australian Financial Review, some of those payments may have gone towards "live-streamed child abuse". The bank was also accused of breaching money laundering and counter-terrorism finance laws, and was accused of 23 million breaches in total.<ref>{{Cite news |url=https://www.abc.net.au/news/2019-11-26/westpac-is-now-the-main-banking-horror-story-austrac-allegations/11738642 |title=Westpac's nightmare has been made worse by its highly paid bosses engaging in a charade |last=Khadem |first=Nassim |date=2019-11-26 |work=ABC News |publisher=Australian Broadcasting Corporation |access-date=2020-04-16}}</ref><ref>{{Cite news|last=Stewart|first=Robb M.|url=https://www.wsj.com/articles/westpac-banking-ceo-and-chairman-depart-amid-money-laundering-probe-11574724687|title=Westpac Banking CEO and Chairman Depart Amid Money-Laundering Probe|date=2019-11-25|work=The Wall Street Journal|access-date=2020-04-16|language=en-US|issn=0099-9660}}</ref>
Maxsted was chairman of the board of Transurban and a director of BHP.<ref name=grieve>{{Cite news |url=https://www.smh.com.au/business/companies/bhp-says-westpac-chair-lindsay-maxsted-to-leave-its-board-20200114-p53rah.html |title=BHP says Westpac chair Lindsay Maxsted to leave its board |last=Grieve |first=Charlotte |date=2020-01-14 |work=The Sydney Morning Herald |access-date=2020-04-16}}</ref><ref name="forbes"/><ref name="theage"/><ref name="theaustralian"/><ref name="westpacboard"/><ref name="transurban"/><ref>{{cite web |title=Image Gallery |url=https://www.bhp.com/media-and-insights/image-gallery/people-and-company/lindsay-maxsted |publisher=BHP|accessdate=2019-11-26}}</ref> He was on the board of the Victorian Public Transport Corporation from December 1995 to 1997, and was its chairman until 2001.<ref name="westpacboard"/> He served on the board of trustees of Baker Heart and Diabetes Institute.<ref name="forbes"/><ref name="westpacboard"/><ref name="transurban"/>
In January 2020, Maxsted announced that he would not seek re-election as a director of BHP.<ref name=grieve/>
==References== {{Reflist}}
{{s-start}} {{s-bus}} {{s-bef|before=Ted Evans}} {{s-ttl|title=Chairman of Westpac|years= 2011{{spaced ndash}}2020}} {{s-aft|after=John McFarlane}} {{s-end}}
{{DEFAULTSORT:Maxsted, Lindsay}} Category:Living people Category:Year of birth missing (living people) Category:Westpac people Category:BHP people Category:People from Geelong
{{Australia-business-bio-stub}}