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Showing 41 - 50 of 100+ results for "Westpac"

Crestone expands national footprint

ELIZABETH MCARTHUR  |  TUESDAY, 4 MAY 2021
... senior private client manager at NAB. Former ANZ private banker James McBride is also joining Crestone, along with former Westpac Private associate director Nicholas Hamersley and Westpac Premier lending area manager Ida Wong. All will be advisers, reporting ...

Westpac profit climbs, executive leaves

ANNABELLE DICKSON  |  MONDAY, 3 MAY 2021
Westpac has signalled its recovery from the pandemic with cash earnings increasing by 256% to $3.5 billion over the last 12 months, as it looks to reduce costs by 2024 and farewells a key executive. In its half-year results, Westpac recorded a 189% ...

OpenMarkets hires, acquires, preps for IPO

ELIZABETH MCARTHUR  |  FRIDAY, 30 APR 2021
... at CommSec. Cussen joins from Bank of Queensland where he was chief technology officer and also held several roles at Westpac. Alexander is chair of the audit risk committee for Citadel Group. The appointments come as OpenMarkets expands its team from ...

Westpac settles life insurance class action

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 APR 2021
Westpac has settled a class action relating to life insurance sold through its financial advice network. The class action was brought against Westpac Group by Shine Lawyers in 2017. It claimed that between 2011 and 2017, customers who received financial ...

Former AMP Capital managing director joins Ignition

KANIKA SOOD  |  WEDNESDAY, 28 APR 2021
... Financial Standard. Prior to this he was executive director, head of distribution & sales, equities and retail markets at Westpac. "We are already well-established in UK and Europe and have our base in Australia so it therefore makes sense to continue ...

BetaShares launches hybrids ETF

KANIKA SOOD  |  TUESDAY, 27 APR 2021
... of at least $100 million from Commonwealth Bank, Australia and New Zealand Banking Group, National Australia Bank and Westpac. It tracks the Solactive Australian Banking Preferred Shares Index before the fees of 35 bps per year and transaction costs ...

Westpac earnings take hit

ANNABELLE DICKSON  |  MONDAY, 26 APR 2021
... profit after an increase in customer refunds, software write-downs and accounting losses, ahead of its interim results. Westpac recorded $220 million in customer refunds, payments, associated costs and litigation provisions while the write-down of software ...

New board director at AFIC

KANIKA SOOD  |  THURSDAY, 22 APR 2021
... Commonwealth Bank of Australia ($680.2 million), BHP ($607.6 million), CSL ($578.3 million), Wesfarmers ($288.3 million), Westpac ($379.5 million). Its 10-year return is 9.6% p.a. to benchmark's 9.5% including franking.

Value managers fight back: Mercer

KARREN VERGARA  |  TUESDAY, 20 APR 2021
... used when diversifying to ensure portfolios have exposure to a range of systematic return drivers," McCabe said. Overall, Westpac, ANZ and NAB were the three largest contributors to the index's performance. Financials were the standout contributor ...

Chief economist update: Australians all let us rejoice

BENJAMIN ONG  |  FRIDAY, 16 APR 2021
... confidence due to the labour market renaissance - suggests further improvement in business conditions and optimism. The Westpac-Melbourne Institute index of consumer confidence rose by 6.2% to a reading of 118.8 in March - the highest level since August ...