WBK - Westpac Banking Corporation

NYSE - Nasdaq Real Time Price. Currency in USD

Westpac Banking Corporation

275 Kent Street
Sydney, NSW 2000
Australia
61 2 9155 7713
http://www.westpac.com.au

SectorFinancial Services
IndustryBanks - Global
Full Time Employees31,007

Key Executives

NameTitlePayExercisedYear Born
Mr. Brian Charles Hartzer B.A., C.F.A.MD, CEO & DirectorN/AN/A1967
Mr. Peter Francis King F.C.A., BEc, FCAChief Financial OfficerN/AN/A1970
Mr. Gary Thursby F.C.A., BEc, DipAcc, FCAChief Operating OfficerN/AN/A1962
Ms. Christine ParkerGroup Exec. of HRN/AN/A1960
Mr. George Frazis M.B.A.Exec. OfficerN/AN/A1964
Amounts are as of and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, Asia, the Pacific region, and internationally. It operates through five divisions: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank, and Westpac New Zealand. It offers everyday banking, savings, term deposit, moving to Australia, under 21 and student, business one, community solutions one, not-for-profit savings, and foreign currency accounts; term and farm management deposits; debit, credit, and travel money cards; home, personal, investment, small business, and commercial loans; and equipment, automotive, cash flow, property, insurance premium, corporate and structured finance, and trade and supply chain financing services. It also provides home and content, landlord, car, travel, boat, caravan and trailer, life, credit card and loan repayment, income protection, business, farm pack, person income, and business overheads insurance products; superannuation and retirement products; investment portfolios; instalment warrants; and trading, financial advisory, wealth, foreign currency exchange, international payment, cash flow management, international trade, and import and export services. In addition, it offers industry specific banking and treasury services; other services, such as emergency cash, online and telephone banking, ATMs, unclaimed money, travel center, margin lending, and banking services to migrants moving to Australia; and mobile wallets. Further, it provides capital advisory and fund management, transactional and private banking, and financial market services. It serves individuals; micro, small, and medium enterprises; and commercial, corporate, institutional, and government customers. The company was formerly known as Bank of New South Wales and changed its name to Westpac Banking Corporation in October 1982. The company was founded in 1817 and is headquartered in Sydney, Australia.

Corporate Governance

Westpac Banking Corporation’s ISS Governance QualityScore as of April 1, 2019 is 9. The pillar scores are Audit: 9; Board: 6; Shareholder Rights: 1; Compensation: 10.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.