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Showing 21 - 30 of 68 results for "Brian Hartzer"

Westpac profits down 24%, dividend flat

KANIKA SOOD  |  MONDAY, 6 MAY 2019
... with outstanding issues, including remediation and resetting out wealth strategy," Westpac group chief executive Brian Hartzer said. The past six months has been a turning point for the bank, he added. "We are proactively addressing legacy issues while ...

Westpac reveals Magnitude, Securitor adviser remediation

HARRISON WORLEY  |  WEDNESDAY, 1 MAY 2019
... admitted it may yet affect the estimates used to arrive to the current remediation figures. Westpac chief executive Brian Hartzer expressed disappointment over the remediation bill, but conceded it was necessary to deal with the issues facing the group. ...

Westpac exits personal advice, restructures leadership

JAMIE WILLIAMSON  |  TUESDAY, 19 MAR 2019
... new structure, consumer bank chief executive George Frazis will leave the group in June. Westpac chief executive Brian Hartzer commented: "George is a highly talented and experienced executive. I thank George for his significant contribution and the ...

Westpac mulls sale of in-house planners

JAMIE WILLIAMSON  |  WEDNESDAY, 13 FEB 2019
... Australia Bank - announced plans to divest wealth management arms. In November last year, Westpac chief executive Brian Hartzer also said the economics of providing financial advice via BT Financial Group was getting difficult. In September last year ...

Institutions respond to Royal Commission, make commitments

HARRISON WORLEY  |  TUESDAY, 5 FEB 2019
... grandfathered commissions. The recommendations in the report will help us build on this progress," Westpac chief executive Brian Hartzer said. ANZ chief Shayne Elliot said the experience of the Royal Commission had been humbling, and said the bank accepted ...

Westpac executive remuneration voted down

KARREN VERGARA  |  THURSDAY, 13 DEC 2018
Westpac received a first strike for its remuneration report after shareholders overwhelmingly voted against it at the annual general meeting in Perth yesterday. The proposed remuneration report for the year ended 30 September 2018 was cast down by 64.16% ...

Increase adviser standards sector-wide: FSU

JAMIE WILLIAMSON  |  FRIDAY, 23 NOV 2018
... problems within the sector, FSU national secretary Julia Angrisano said. The comments follow Westpac chief executive Brian Hartzer's testimony to the Royal Commission in favour of a central registration system for financial advisers. "The Finance Sector ...

Misconduct matters, but stability key for Frydenberg

HARRISON WORLEY  |  FRIDAY, 23 NOV 2018
... performance, referred to in Monday's hearing as "short term variable remuneration." Yesterday, Westpac chief Brian Hartzer told counsel assisting Michael Hodge his bank wouldn't walk away from its financial advice clients, despite the practice ...

Aussie banks underestimated difficulties of advice: Hartzer

HARRISON WORLEY  |  THURSDAY, 22 NOV 2018
... "work" within their existing businesses. Continuing his appearance at the Royal Commission, Westpac chief executive Brian Hartzer said Australia's banks failed to recognise the subtleties of the financial advice market, as they looked for growth outside ...

Royal Commission hits Westpac cash earnings

JAMIE WILLIAMSON  |  MONDAY, 5 NOV 2018
... division ($110 million), the full year results show. With the Royal Commission yet to wrap up, Westpac chief executive Brian Hartzer flagged the potential for greater provisions being required. "We're committed to running our business in a way that meets ...