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Showing 391 - 400 of 3560 results for "Westpac"

Pendal profits tumble 25%

KANIKA SOOD  |  WEDNESDAY, 4 NOV 2020
... down 18% from 45 cents per share to 37 cents. Pendal tallied up net outflows of $6.5 billion in the year (including the Westpac money). This along with unfavorable currency movements of $2.3 billion as US dollar and British pound impacted its FUM. However ...

Rice Warner hires fintech, product data lead

KARREN VERGARA  |  MONDAY, 2 NOV 2020
... industry includes working at EY as an actuarial consultant, and at Zurich Financial Services, Willis Towers Watson and Westpac as an intern. Chief executive Andrew Boal commented that the fintech and product data team will strengthen under Saliba, and ...

Westpac profits down on AUSTRAC fine

ANNABELLE DICKSON  |  MONDAY, 2 NOV 2020
Westpac has reported a "disappointing" full year result with statutory profit down a staggering 66% as a result of the ongoing pandemic and its anti-money laundering fine. Statutory profit decreased $4.94 billion to$2.29 billion while cash earnings ...

Westpac settles two class actions

KARREN VERGARA  |  FRIDAY, 30 OCT 2020
Westpac has agreed to settle two separate class actions relating to anti-money laundering breaches and rate rigging initiated in the US for undisclosed amounts. The bank settled the action filed by Rosen Law Firm relating to its failure to monitor financial ...

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 ...

ING announces head of wealth, chief executive

ANNABELLE DICKSON  |  FRIDAY, 30 OCT 2020
... achieved for the retail bank and its customers," he said. Prior to joining ING, Evans spent more than 16 years with the Westpac Group across St George Bank, BT Financial Group and Westpac. Evans was head of superannuation and platforms at BT before taking ...

ANZ flags earnings hit

ANNABELLE DICKSON  |  WEDNESDAY, 28 OCT 2020
... ANZ noted a charge of $41 million for restructuring, bring the total for the year to $115 million. ANZ follows NAB and Westpac who both announced losses ahead of their full year results. Westpac flagged $1.2 billion of costs with $415 million after tax ...

Westpac hit with $1.2bn of losses

KARREN VERGARA  |  MONDAY, 26 OCT 2020
Westpac will be hit with $1.2 billion worth of losses mostly driven by its life insurance business and AUSTRAC penalties. The bank flagged the massive loss ahead of releasing its full year 2020 results on November 2. Goodwill and intangibles associated ...

Super advice firm buys robo-adviser

ANNABELLE DICKSON  |  FRIDAY, 23 OCT 2020
... financial and investment advice. SuperEd was established by former Vanguard Australia head Jeremy Duffield alongside former Westpac executive Hugh Morrow who is now SuperEd chief executive. The mission is to deliver affordable pre-retirement advice to ...

APRA, ASIC release life insurance stats

ELIZABETH MCARTHUR  |  TUESDAY, 20 OCT 2020
... Zurich were all above that average (CommInsure had the highest claims acceptance rate at 89%). Asteron, OnePath, TAL and Westpac were below the industry average. OnePath had the slowest average claim time among the insurers, with claims through a financial ...