BNET Industries
Market Cap:$62.2B
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
ge capital inc. and westpac banking corp. - All News and Analysis
Troubles mount for car group.
- 2006-02-13
Byline: George Lekakis Feb 13, 2006 (The Mercury - ABIX via COMTEX) -- Westpac Banking has appointed Ferrier Hodgson & Company as receiver for Auto Group. The Australian automotive...
US bid marks reverse in strategy.
- 2002-11-25
Nov 24, 2002 (The Australian Financial Review - ABIX via COMTEX) In the US, HSBC has stepped "outside the square" in its $US16 billion ($A28bn) bid for local consumer finance major, Household. It breaks a recent trend, where bank acquisitions have been in the funds...
GEC advance has been low-key but inexorable.
- 2002-09-08
Sep 08, 2002 (The Australian Financial Review - ABIX via COMTEX) Since its entry into the Australian market in 1995, GE Capital has been pursuing a dominant position in consumer debt. It has been aided by the abandonment of this sector by the banks, which...
Instability to account for weaker earnings.
- 2002-08-01
Aug 01, 2002 The Advertiser ABIX via COMTEX -- One of Australia's big-four banks, Westpac Banking, has predicted difficult times ahead. The Sydney-based bank expects its bad loans will be at the upper limit of its predicted range. The bank would also be without...
Westpac firmly on acquisition trail.
- 2002-05-13
May 08, 2002 (The Courier-Mail ABIX via COMTEX) -- The $A1.5bn sale of Westpac Banking's AGC consumer finance business to GE Capital has moved a step closer to reality. The Australian Competition & Consumer Commission has approved the sale, which must still be given...
Westpac eyes Rothschild's funds arm.
- 2002-01-16
Jan 17, 2002 The Australian Financial Review ABIX via COMTEX -- Rothschild Australia Asset Management RAAM is to be sold. The fund manager is valued at between $A300m and $A400m. Westpac Banking, which to date has not entered into the fund management sector, is...
- 1
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 | 34,205 |
| Shares Outstanding | 588.4M |
| Market Cap | 62.2B |
| Year High | 128.48 |
| Year Low | 45.37 |
| Earnings Per Share | 5.80 |
| P/E Ratio | 18.2483 |
| Dividend | 4.8140 |
| Yield | 4.5484 |
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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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