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Showing 11 - 20 of 47 results for "Peter King"

Westpac profit climbs, executive leaves

ANNABELLE DICKSON  |  MONDAY, 3 MAY 2021
... strength, with our Common Equity Tier 1 capital ratio rising 153 basis points to 12.34%," Westpac group chief executive Peter King said. Plato Investment Management senior portfolio manager Peter Gardner said the writeback in provisions is a positive ...

Westpac merges consumer, business divisions

ELIZA BAVIN  |  WEDNESDAY, 17 MAR 2021
... private wealth, platforms and investments and superannuation moved into an expanded business arm. Westpac chief executive Peter King said the move will serve to simplify the business model and consolidate divisional management. "Our new lines of business ...

Westpac exec goes part-time

ANNABELLE DICKSON  |  TUESDAY, 9 MAR 2021
... current role for a decade. She will continue in the role until a replacement has been found. Westpac chief executive Peter King thanked Lim for her contribution. "For the past decade as general counsel, Rebecca has played a pivotal role in navigating ...

Westpac prioritises risk management

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... billion for the first quarter, buoyed by a one-off impairment benefit of $501 million. Westpac group chief executive Peter King said: "It has been a good start to the year with higher earnings, a stronger economy, and solid progress on our fix, simplify ...

Westpac enters into court enforceable undertaking

ANNABELLE DICKSON  |  THURSDAY, 3 DEC 2020
... Westpac's "immature and reactive risk culture", unclear accountabilities and inadequate oversight. Westpac chief executive Peter King acknowledged the bank's shortcomings and is determined to deliver on the risk remediation activities. "We have ...

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 ...