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Showing 1 - 10 of 10 results for "Specialist Businesses Division"

Westpac reports $7.2bn profit

KARREN VERGARA  |  MONDAY, 6 NOV 2023
... mortgage while cutting back their spending elsewhere," Westpac chief executive Peter King said. The Specialist Businesses Division, which operates BT Panorama, Westpac Pacific, margin lending, and retail auto finance, contributed $605 million in profit. ...

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 ...

Westpac plans aggressive platforms play

JAMIE WILLIAMSON  |  WEDNESDAY, 21 JUN 2023
... in with several other underperforming business lines at Westpac in May 2020 when it created the Specialist Businesses Division for those that lacked sufficient scale. In addition to platforms, this comprised superannuation and retirement products, investments ...

Mercer scoops up third BT business unit

KARREN VERGARA  |  MONDAY, 8 MAY 2023
... Westpac's financial adviser representatives stood at 6028, down 2% over the period. Westpac's Specialist Businesses division, which was established in May 2020, parked many of the operations the bank wanted to get rid of. Since its formation ...

TAL completes acquisition of Westpac Life

CASSANDRA BALDINI  |  MONDAY, 1 AUG 2022
... delivering the best possible outcomes for all of our customers, partners and stakeholders." Westpac's specialist businesses division chief executive Jason Yetton said: "Life insurance is an important product for many of our customers and I am pleased ...

Westpac backs out of NZ demerger plans

ANNABELLE DICKSON  |  THURSDAY, 24 JUN 2021
... consolidated its international operations in Asia and placed a number of businesses into its newly created specialist businesses division to exit the group.

Westpac earnings take hit

ANNABELLE DICKSON  |  MONDAY, 26 APR 2021
... spending from first half 2021," Westpac said in a statement. Westpac noted the businesses in its Specialist Businesses division: Vendor Finance, Westpac General Insurance, Westpac Lenders Mortgage Insurance and Westpac Pacific will be in a separate line ...

Westpac considering NZ demerger

ANNABELLE DICKSON  |  THURSDAY, 25 MAR 2021
... consolidated its international operations in Asia and placed a number of businesses into its newly created specialist businesses division to exit the group.

Westpac profits down on AUSTRAC fine

ANNABELLE DICKSON  |  MONDAY, 2 NOV 2020
... dismal results, the bank's common equity tier one capital ratio rose 46 basis points to 11.13%. Its specialist businesses division which includes superannuation platforms and insurance was down $506 million with superannuation platforms and investments ...

Westpac to review business units

JAMIE WILLIAMSON  |  MONDAY, 4 MAY 2020
... aimed at simplifying the group. Announcing results today, Westpac said it is establishing a new specialist businesses division, appointing former chief executive of Commonwealth Bank's NewCo Jason Yetton to lead the unit, effective May 18. In determining ...
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