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Search ResultsShowing 1 - 10 of 31 results for "Peter King"
Westpac profits down on AUSTRAC fine
ANNABELLE DICKSON  |  MONDAY, 2 NOV 2020
... bank says is attributable to the $1.3 billion penalty to settle the AUSTRAC proceedings. Westpac Group chief executive Peter King noted the year has been challenging and the result for the bank is disappointing. "Our earnings have been significantly ...
Westpac settles two class actions
KARREN VERGARA  |  FRIDAY, 30 OCT 2020
... and 19 November 2019. The law firm named the bank, former chief executive Brian Hartzer and current chief executive Peter King as defendants. Westpac described the settlement amount as "not material" and "resolves all claims against the defendants without ...
Westpac extends chief executive's contract
ANNABELLE DICKSON  |  FRIDAY, 30 OCT 2020
The board of Westpac has amended chief executive Peter King's employment contract, removing the initial two-year term. King confirmed he has committed to a multi-year plan to turn the company around. His other contract terms remain unchanged. Chair ...
Westpac reaches $1.3bn AUSTRAC deal
ELIZA BAVIN  |  THURSDAY, 24 SEP 2020
... laundering and terrorism financing risks associated with correspondent banking relationships. Westpac chief executive Peter King apologised for the bank's failings and said he is committed to fixing the issues to ensure this situation does not arise ...
Westpac hires consumer chief executive
ANNABELLE DICKSON  |  TUESDAY, 22 SEP 2020
... principal at McKinsey in both London and Johannesburg. Commenting on the appointment Westpac Group chief executive Peter King said: "Chris has extensive experience in consumer banking, including leading the global retail distribution and product portfolios ...
Westpac ditches dividend
ELIZA BAVIN  |  TUESDAY, 18 AUG 2020
... net profit of $595 million and revealed it anticipates further enforcement action from ASIC. Westpac chief executive Peter King said the bank made the decision to not deliver a dividend due to its desire to retain a strong balance sheet and the ongoing ...
Westpac discovers additional transaction irregularities
ALLY SELBY  |  TUESDAY, 28 JUL 2020
... reward. These bonuses would have totaled $13.2 million and $6.9 million respectively. At the time, its chief executive Peter King said there was no evidence of intentional wrongdoing at the bank, with disciplinary actions applied accordingly. "Remuneration ...
Westpac announces appointment, departure
ALLY SELBY  |  TUESDAY, 28 JUL 2020
... its personal and business baking, private wealth and global asset management divisions. Westpac group chief executive Peter King said he was delighted to welcome Collary to the Westpac team. "Scott has extensive experience working in senior financial ...
Westpac nabs Deutsche Bank executive
ELIZA BAVIN  |  THURSDAY, 23 JUL 2020
... had been with Goldman Sachs for over 16 years, having started with the company in 2001. Westpac group chief executive Peter King said he is delighted to welcome Miller to the executive team. "Anthony has extensive global experience in institutional banking ...
Westpac found to be immature, reactive
ELIZA BAVIN  |  FRIDAY, 17 JUL 2020
... Westpac's three lines of defence, with further change required to address identified weaknesses." Westpac chief executive Peter King said the banks management of non-financial risk is not up to the standard it sets itself, as he announced a new program ...
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