Westpac chief executive Anthony Miller has recruited Paul Fowler from Commonwealth Bank as the new head of business banking as he reshapes his senior management team at the Sydney-based lender.

Mr Fowler, who is a former Goldman Sachs investment banker like Mr Miller, was executive general manager of regional and agribusiness banking at CBA and was touted as a potential successor to Commonwealth Bank’s head of business banking, Mike Vacy-Lyle.