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Showing 1 - 10 of 97 results for "Westpac Group"

Westpac profit climbs, executive leaves

ANNABELLE DICKSON  |  MONDAY, 3 MAY 2021
... improved balance sheet strength, with our Common Equity Tier 1 capital ratio rising 153 basis points to 12.34%," Westpac group chief executive Peter King said. Plato Investment Management senior portfolio manager Peter Gardner said the writeback in provisions ...

Westpac settles life insurance class action

ELIZABETH MCARTHUR  |  WEDNESDAY, 28 APR 2021
... 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 advice from Westpac-aligned ...

Westpac prioritises risk management

KARREN VERGARA  |  WEDNESDAY, 17 FEB 2021
... statutory net profit $1.70 billion for the first quarter, buoyed by a one-off impairment benefit of $501 million. Westpac group chief executive Peter King said: "It has been a good start to the year with higher earnings, a stronger economy, and solid ...

New heatmap shames trustees

KARREN VERGARA  |  FRIDAY, 18 DEC 2020
... with red ratings over a six-year investment period are: BT Funds Management's Asgard Employee, BT Super and Westpac Group Plan (lifecycle) Colonial First State Investments' FirstChoice Superannuation Trust lifecycle (lifecycle) AUSCOAL (lifecycle) ...

Westpac sells Pacific to PNG bank

ANNABELLE DICKSON  |  MONDAY, 7 DEC 2020
... payments which occur annually over two years following completion and based on the performance of Westpac Fiji. Westpac Group chief executive, specialist businesses & group strategy Jason Yetton said the sale is a result of the bank's decision to ...

Westpac profits down on AUSTRAC fine

ANNABELLE DICKSON  |  MONDAY, 2 NOV 2020
... $2.6 billion, which the bank says is attributable to the $1.3 billion penalty to settle the AUSTRAC proceedings. Westpac Group chief executive Peter King noted the year has been challenging and the result for the bank is disappointing. "Our earnings ...

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 ...

BT cuts Wealth Connect

ALLY SELBY  |  FRIDAY, 16 OCT 2020
... our people and provide opportunities within the proposed new structure as well as redeployment within the broader Westpac Group." Wealth Connect as we know it today launched in 2011 and was then called 'Scalable Advice'. A team of around 30 provided ...

Group risk inflows fall 15%

ALLY SELBY  |  MONDAY, 28 SEP 2020
... AIA's inflows fell 47.4% during the year, while MetLife Insurance, MLC Life Insurance, QInsure, Zurich Group and BT/Westpac Group fell 12.2%, 27.5%, 8.9%, 25.9%, and 15.8% respectively. The Rest mandate saw TAL's market share increase to 38.6% (compared ...

Westpac hires consumer chief executive

ANNABELLE DICKSON  |  TUESDAY, 22 SEP 2020
Westpac Group has appointed a former fintech chief executive to lead its consumer banking division. Chris de Bruin has over 24 years' experience in financial services and joins from Dubai-based fintech Deem where he has been chief executive for over ...
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