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Showing 541 - 550 of 3560 results for "Westpac"

Brian Hartzer steps down from Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
Westpac chief executive Brian Hartzer has stepped down in the wake of AUSTRAC's investigation. Westpac today announced Hartzer will exit, with current chief financial officer Peter King taking over as acting chief executive from December 2. Hartzer ...

Westpac halts short-term bonuses, culls Litepay

HARRISON WORLEY  |  MONDAY, 25 NOV 2019
... financing laws. Announcing the bank's three-point response plan to the statement of claim launched by AUSTRAC last week, Westpac chair Lindsay Maxsted yesterday said the bank was determined to fix its issues and lift standards. As a result, the bank's ...

Cbus, UniSuper back new housing bond

KANIKA SOOD  |  THURSDAY, 21 NOV 2019
... that meet our investment risk-return criteria and fund new housing construction for Australians in need." ANZ, UBS and Westpac were the joint lead arrangers for the bond issue. King & Wood Mallesons was the legal advisers. In Victoria, HousingFirst and ...

Westpac faces 23 million breaches

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2019
Westpac is facing 23 million alleged breaches of anti-money laundering laws and counter terrorism laws. AUSTRAC has applied to the Federal Court seeking civil penalty orders against Westpac relating to "systematic" non-compliance with the Anti Money ...

Three advisers cop ASIC bans

KANIKA SOOD  |  WEDNESDAY, 20 NOV 2019
... recently employed at Neo Wealth Solutions until October end. He has previously worked at Commonwealth Financial Planning and Westpac. The ban runs until November 2024. Lastly, ASIC banned Lawrence Dean O'Neill for four years. He spent 10 years at NAB's ...

ASIC eyes claims handling

ELIZABETH MCARTHUR  |  TUESDAY, 19 NOV 2019
... ASIC's review. "We found concerningly high decline rates for two insurers: Asteron, which used to be known as Suncorp, and Westpac. These two insurers declined one in three claims," she said. ASIC's report found that most of the issues with TPD come ...

Chief economist update: How low will Lowe go?

BENJAMIN ONG  |  FRIDAY, 15 NOV 2019
... pricing another rate cut by February 2020 or as early as December this year. November 12: NAB Business Survey. November 13: Westpac-Melbourne Institute index of consumer sentiment (along with retail sales - released on November 4). November 13: Wage ...

First Sentier adds to global leadership team

ELIZA BAVIN  |  MONDAY, 11 NOV 2019
... systems auditor having worked in the financial services industry for over 30 years. He has previously held senior roles at Westpac, Merrill Lynch Australia, Bankers Trust Australia and KPMG. He is also a director and treasurer of the Australian Association ...

Westpac chief believes in financial advice

ELIZA BAVIN  |  MONDAY, 11 NOV 2019
Westpac chief executive Brian Hartzer told members of parliament that he believes providing financial advice to Australian consumers is important and that all Australians should have access to good, cost-effective, unconflicted financial advice. Speaking ...

BT shuts down two funds

KANIKA SOOD  |  THURSDAY, 7 NOV 2019
... allocations that were redirected to other asset classes and strategies," Collocott said. Advance Asset Management is owned by Westpac's BT Financial Group.