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Showing 51 - 60 of 98 results for "Westpac Group"

Westpac to raise capital by divesting BTIM stake

LAURA MILLAN  |  TUESDAY, 16 JUN 2015
Westpac Group will sell half of its stake in BT Investment Management (BTIM) to institutional and retail investors in a move that will raise up to $700 million and bolster its capital position. Westpac will reduce its stake in the funds management business ...

BTFG earnings up 16%

MARK SMITH  |  MONDAY, 3 NOV 2014
... with the performance for 2014 and are working hard to deliver more initiatives in 2015," Cooper said. Meanwhile Westpac Group, which owns BTGF, announced an 8% increase in cash earnings to $7.638 billion for the 12 months to 30 September 2014. Statutory ...

BTIM expands income and fixed income team

STAFF WRITER  |  MONDAY, 27 OCT 2014
... Securities Exchange and manages over $66.4 billion (as at 30 September 2014) for investors. BTIM is majority owned by the Westpac Group.

Consumers have no loyalty to financial institutions

MARK SMITH  |  MONDAY, 18 AUG 2014
... the CBA Group but their customers still deal with an average of 4.1 financial institutions. They are followed by Westpac Group (4.6), ANZ Group (4.7), and NAB Group (4.9). Across the big four banks, CBA Group is the most successful in terms of share ...

Top AMP exec leaves to join BT

LAURA MILLAN  |  THURSDAY, 26 JUN 2014
... will be to develop products that encourage Westpac bank customers switch their MySuper account to BT. "Across the Westpac Group brands we have eight million Australians who have a MySuper product with another provider," he said. "Melinda will bring even ...

BT Financial Group posts 21% profit rise

MARK SMITH  |  MONDAY, 5 MAY 2014
The performance of BT Financial Group has boosted Westpac Group's half-year results, with the division reporting cash earnings of $438 million, a 21% increase on the same period last year. BT Financial Group chief executive Brad Cooper attributed the ...

Industry funds spend millions on advertising

JAMES FERNYHOUGH  |  MONDAY, 24 MAR 2014
... products. Meanwhile, Commonwealth Bank of Australia (CBA) together with Colonial First State spent $3.05 million. Westpac Group, including BT, spent $3.06 million. While the figures for the industry funds represent total advertising expenditure, those ...

Westpac appoints deputy CEO

LAURA MILLAN  |  FRIDAY, 7 MAR 2014
Westpac Group has created the role of deputy chief executive officer to address strategic issues such as the Financial System Inquiry and regulatory change. The current chief financial officer Phil Coffey will start in the new role of deputy chief executive ...

BT reveals post-awards strategy

JAMES FERNYHOUGH  |  THURSDAY, 20 FEB 2014
... which are less affected by the awards system. "But with this process taken out, we can go and target all of our Westpac Group business banking clients with our superannuation offer," she said. Currently BT's "corporate" (i.e. employer default) super ...

Westpac trumpets infrastructure's 'annuity style' potential

JAMES FERNYHOUGH  |  WEDNESDAY, 15 JAN 2014
... infrastructure by superannuation funds would provide retirees with a much-needed "annuity-style" income stream, according to Westpac Group. In a submission to the Productivity Commission's Public Infrastructure Inquiry, the bank said that the infrastructure ...