BNET Industries
Market Cap:$66.9B
Last Fiscal Year Sales:$24.6B
- Public
- AU
Dow Jones Description
Welcome to the Australian Out-Bank! Westpac Banking Corporation (NYSE: WBK (ADR) Australia) provides banking and financial services in Australia and New Zealand. It offers financial products, such as savings and checking accounts, demand and term deposits, credit cards, and personal and housing loans. It caters to individuals and small to medium-size businesses. It also offers wealth management services, pensions, life insurance, and others. The company was founded in 1817 and is headquartered in Sydney, Australia. This $14.2 billion company employs about 27,000 people. The company received a AAA rating in the 2006 RepuTex Australia and New Zealand Social Responsibility Ratings survey, for the third year in a row.
Chief Manager and Senior Vice President
Peter H WinderNumber of Employees 27,138
Peer Companies
NAICS Code Commercial Banking: 522110
Recent Events
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Hypercom Won Contract from Westpac Banking Corporation
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Asian Stocks Trade Lower
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UPDATE 2-Australia's Westpac says bad debts have peaked
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PRESS DIGEST-Australian Business News - Nov 5
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Moody's affirms Westpac Banking ratings following lost tax case
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PRESS DIGEST-Australian Business News - Sept 28
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UPDATE 1-Australia Senate says bank merger ban should stay
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Westpac to acquire Kaplan Equity's ownership in Ascalon Capital Managers
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ANZ, StanChart eye M&A in Asia to bolster growth
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Late-night resignation stirs Westpac suspicions
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Westpac Bank Institutional Head Phil Chronican Resigns
News & Analysis
Filter by
anz banking group and westpac banking corp. - All News and Analysis
Westpac pulls out of Kiwi bank bid.
- 2003-09-12
Sep 12, 2003 (The Australian - ABIX via COMTEX) Australia's Westpac Banking Corporation will not seek to acquire the National Bank of New Zealand NBNZ. Westpac has indicated that the acquisition would not have suited its strategy of pursuing organic growth in the New...
Plenty of choice in NZ - Westpac.
- 2003-08-22
Aug 22, 2003 (The Sydney Morning Herald - ABIX via COMTEX) Regulatory concerns over a monopoly within New Zealand's banking industry are unfounded, according to Westpac Banking Corporation. At issue is the impending sale of the National Bank of New Zealand by Lloyds TSB...
ANZ fires first shot in battle for Kiwi bank.
- 2003-08-13
Aug 13, 2003 (The Age - ABIX via COMTEX) The ANZ Banking Group has expressed an interest in acquiring the National Bank of New Zealand. The ANZ is the first of Australia's "big four" banks to lodge a submission for clearance for a takeover...
Investment up, but most still borrow for a roof over their head.
- 2003-05-19
May 18, 2003 (The Courier-Mail - ABIX via COMTEX) New Australian Bureau of Statistics figures show that owner-occupiers still make up a majority of Australian mortgage applications. This is despite the fact that investor housing loans rose 15.8 per cent to a record high...
ANZ, Westpac close Solomon operations.
- 2003-05-12
May 12, 2003 (The Courier-Mail - ABIX via COMTEX) Australia's Westpac Banking Corporation and ANZ Banking Group have suspended their operations in the Solomon Islands. The banks shut their local branches after threats of violence at an ANZ branch, including a threat to blow...
Banks do their bit for bushfire victims.
- 2003-02-02
Feb 02, 2003 (The Age - ABIX via COMTEX) Australia's major banks have announced assistance packages for customers affected by bushfires. ANZ Banking Group, Commonwealth Bank of Australia, National Australia Bank, St George Bank and Westpac Banking released details of packages including $A10,000 grants,...
Banks determined to put the branch back in the picture.
- 2002-12-15
Dec 15, 2002 (The Age - ABIX via COMTEX) Westpac Banking CEO, David Morgan, has declared to shareholders that the branch bank entity has returned. Westpac has remodelled nine branches, including the Bank of Melbourne's Moonee Ponds branch in Melbourne, Victoria, to attract customers...
Interest fixed on Westpac's prospects.
- 2002-10-31
Oct 30, 2002 (The Australian Financial Review - ABIX via COMTEX) In an atmosphere of falling confidence in Australian banks, investors will dissect Westpac Banking's 2001-2002 result on 31 October 2002. A net profit of about $A2 billion is tipped, but analysts will be...
Executives lose $2.7bn on options rollercoaster.
- 2002-10-27
Oct 27, 2002 (The Australian Financial Review - ABIX via COMTEX) Share options packages for Australian executives have declined dramatically in value during 2001-02. Falling share prices and high initial valuations have led to $A2.7bn being cut from the total valuation of options for...
Ratings agency nod for Westpac.
- 2002-04-25
Apr 25, 2002 (The Courier-Mail ABIX via COMTEX) -- Credit rating agency Fitch has given its seal of approval to Westpac Banking's $A323m takeover of Rothschild Australia Asset Management. Fitch says the acquisition will not hurt Westpac's balance sheet and will improve Westpac's ...
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Decision Makers
| Name (plus bio) | Position |
|---|---|
| Peter H Winder | Chief Manager and Senior Vice President |
| Philip Chronican | CFO |
| Rob Whitfield | Chief Risk Officer |
| Robert Rennie | Chief Currency Strategist |
| Simon McNamara | Group Chief Information Officer |
| Simon Ling | Director, Corp Securities |
| Ann Sherry | Pacific Banking |
| Brian Leedman | Marketing and Communications Specialist |
| David Malcolm | Head of Credit Risk |
| Huw McKay | Senior International Economist |
| Ilana Atlas | Group Executive, People & Performance |
| Michael Pratt | Group Executive, Business and Consumer Banking |
| Philip Coffey | |
| Richard Willcock | General Counsel & Secretary |
| Rob Coombe | |
| Scott Barnett | Head of Consumer Mortgage Operations |
| Gordon M Cairns | Director |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Carolyn Hewson | Board of Directors |
| Helen Lynch | Board of Directors |
| Peter Hawkins | Board of Directors |
| Peter Wilson | Board of Directors |
| Ted Evans | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Nyack Management Company, Inc. | Vice President | Current |
| Westpac Banking Corporation | Chief Manager and Senior Vice President | Current |
| Westpac Banking Corporation | Vice President, United States Division | Former |
| Nyack Management Company, Inc. | Financial Consultant | Former |
| University of Sydney | Bs In Engineering | Former |
| Organization | Position | Status |
|---|---|---|
| Westpac Banking Corporation | CFO | Current |
| West-Pac | Former |
| Organization | Position | Status |
|---|---|---|
| Westpac Banking Corporation | Chief Risk Officer | Current |
| West-Pac | Former |
| Organization | Position | Status |
|---|---|---|
| Westpac Banking Corporation | Chief Currency Strategist | Current |
Simon McNamara is currently the Group Chief Information Officer for the Westpac Banking Corporation and is regularly invited by various Banking and IT Organisations to speak at forums and conferences. His extensive qualifications include a Bachelor of Science (Honours) in Economics and Statistics as well as a Post Graduate Diploma in Computer Science. Previously, Simon has held various positions with Financial Institutions in London including Global CIO at Deutsche Bank, and Head of Trading Technology at Midland Bank/Midland Montagu. Over the last number of years Simon has been integral in arranging and fully supporting secondments of Westpac members to the Cape York Program. Simon brings to the project over twenty years of experience with various organisations around the world.
| Organization | Position | Status |
|---|---|---|
| Westpac Banking Corporation | Group Chief Information Officer | Current |
| Financial Institutions, Inc. | Former |
| Organization | Position | Status |
|---|---|---|
| Westpac Banking Corporation | Director, Corp Securities | Current |
| Westpac Banking Corporation | Director, Corp Securities | Former |
| Organization | Position | Status |
|---|---|---|
| Globewomen, Inc | President and Chief Executive Officer | Current |
| West-Pac | Group Executive | Current |
| Westpac Banking Corporation | Pacific Banking | Current |
| Speakers Network International | Current |
| Organization | Position | Status |
|---|---|---|
| Psivida Limited | Vice President of Investor Relations | Current |
| Westpac Banking Corporation | Marketing and Communications Specialist | Current |
| Commerce Corp. | Board Member | Current |
| University Corp. | Master of Business Administration | Former |
| University Corp. | Bachelor of Economics | Former |
| Organization | Position | Status |
|---|---|---|
| Westpac Banking Corporation | Head of Credit Risk | Current |
| Rma Australia | Treasurer | Current |
| Sydney university | Bachelor of Arts | Former |
Huw McKay, the Senior International Economist at Westpac Banking Corporation, joined Westpac's economic team in 2000. He is Bank's spokesperson on pan-Asian economic and market issues.
| Organization | Position | Status |
|---|---|---|
| Westpac Banking Corporation | Senior International Economist | Current |
| Lowy Institute | Current |
| Organization | Position | Status |
|---|---|---|
| Westpac Banking Corporation | Group Executive, People & Performance | Current |
| West-Pac | Group Secretary | Former |
| Organization | Position | Status |
|---|---|---|
| Westpac Banking Corporation | Group Executive, Business and Consumer Banking | Current |
| Bank of New Zealand | Chief Executive Officer | Former |
| National Australia Bank Limited | Chief Executive Officer, Australian Financial Services | Former |
| Bank of New Zealand | Managing Director | Former |
| Organization | Position | Status |
|---|---|---|
| Westpac Banking Corporation | Current | |
| West-Pac | Group Executive | Former |
| Reserve Bank of Australia | Former |
| Organization | Position | Status |
|---|---|---|
| Westpac Banking Corporation | General Counsel & Secretary | Current |
| West-Pac | Former |
| Organization | Position | Status |
|---|---|---|
| Westpac Banking Corporation | Current | |
| West-Pac | Former |
| Organization | Position | Status |
|---|---|---|
| Westpac Banking Corporation | Head of Consumer Mortgage Operations | Current |
| Organization | Position | Status |
|---|---|---|
| The Australian Gas Light Company | Board of Directors | Current |
| Westpac Banking Corporation | Board of Directors | Current |
| Westpac Banking Corporation | Director | Former |
| Colortone Audio-Visual Staging | Director | Former |
| Organization | Position | Status |
|---|---|---|
| Health-Corp | Board of Directors | Current |
| Westpac Banking Corporation | Director | Current |
| University of Edinburgh | Master of Arts (Honours) | Former |
| Organization | Position | Status |
|---|---|---|
| Westpac Banking Corporation | Board of Directors | Current |
| West-Pac | Former |
| Organization | Position | Status |
|---|---|---|
| Debtconnection.Com | Board of Directors | Current |
| Liberty Financial | Board of Directors | Current |
| Westpac Banking Corporation | Board of Directors | Current |
| Merchant Advisory Group (Mag) | Board of Directors | Current |
| Inovant, LLC | Director of Visa International | Former |
| Victoria University | Bachelor of Commerce and Administration Degree | Former |
| Victoria University | Degree | Former |
| Organization | Position | Status |
|---|---|---|
| Westpac Banking Corporation | Board of Directors | Current |
| Ernst & Young | partner | Former |
| Organization | Position | Status |
|---|---|---|
| Westpac Banking Corporation | Board of Directors | Current |
| Commonwealth Bank of Australia | Former | |
| West-Pac | Former |
| Volume | 14,508 |
| Shares Outstanding | 588.4M |
| Market Cap | 66.9B |
| Year High | 128.48 |
| Year Low | 45.37 |
| Earnings Per Share | 5.80 |
| P/E Ratio | 19.6121 |
| Dividend | 4.8140 |
| Yield | 4.2321 |
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Glass Door
Financial Services Industry Companies
| Company | Employer Rating |
| Wells Fargo |  |
| U.S. Bank |  |
| Bank of America | |
| Wachovia | |
| JPMorgan Chase | |
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