Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 21 - 30 of 3448 results for "Westpac"

Industry high flyers join JANA board

ELIZABETH FRY  |  MONDAY, 11 SEP 2023
... board experience from the corporate and financial services sector. She currently serves as a non-executive director of Westpac Banking Corporation and Scentre Group and has previously held non-executive director roles at Telstra and Bank of Queensland. ...

Financial hardship neglect lands Westpac in court

KARREN VERGARA  |  TUESDAY, 5 SEP 2023
ASIC is suing Westpac for neglecting more than 200 customer hardship requests over seven years, for which the bank blames "technology failure". ASIC commenced civil penalty proceedings in the Federal Court, alleging that Westpac failed to respond to ...

Global dividends at all-time highs: Janus Henderson

CHLOE WALKER  |  WEDNESDAY, 30 AUG 2023
... quarter of 2022. According to the asset manager, a significant surge from Woodside Energy, along with a solid increase from Westpac more than offset a substantial reduction from mining giant Rio Tinto. "Amidst the impressive surge in Australian dividends ...

Westpac reports $1.8bn net profit, rise in stressed assets

ANDREW MCKEAN  |  MONDAY, 21 AUG 2023
Westpac has posted a net profit of $1.8 billion for 3Q23, driven by steady operating revenue and disciplined margin management. Despite inflationary headwinds which led to a rise in expenses by approximately 5% for the second half of 2023 compared to ...

BT names platform strategy lead

CHLOE WALKER  |  MONDAY, 14 AUG 2023
Following Westpac's decision to retain and invest in its platforms business, Russell Brinckley will return to the business as its head of platform strategy and development. Brinckley spent over 20 years at BT before moving to FNZ Australia in March ...

Ignition poaches from Bravura Solutions

CHLOE WALKER  |  WEDNESDAY, 9 AUG 2023
... experience in the Australian wealth management industry, the last 16 years being at Bravura. He has also held tenures at Westpac and Macquarie Bank. In his new Sydney-based role, Speirs will be responsible for driving sales and developing strategic partnerships ...

PGIM client group lead in sudden departure

ELIZABETH FRY  |  FRIDAY, 4 AUG 2023
... Australia at Schroders Investment Management. He started his financial services career as a business development manager with Westpac. This article first appeared in Industry Moves.

Westpac closes Specialist Businesses Division

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2023
Westpac has decided to fold the Specialist Businesses Division that once housed its platforms, superannuation and insurance businesses, redeploying its lead Jason Yetton. The bank has restructured in support of its next strategic phase, chief executive ...

Ownership changes spur upheaval in unit trust sector

KARREN VERGARA  |  WEDNESDAY, 12 JUL 2023
... billion, folded into Perpetual this year. It was previously part of BT Investment Management, which in turn was part-owned by Westpac. "Perpetual itself has seen significant negative funds flows from its unit trusts, losing 60% of its $1.7 billion total ...

RBA deputy governor joins Westpac

CASSANDRA BALDINI  |  MONDAY, 10 JUL 2023
Luci Ellis will join Westpac as its new chief economist after almost 15 years with the Reserve Bank of Australia (RBA), succeeding the long-serving Bill Evans. Ellis will join the bank in October while Evans will stay with the group and transition into ...