Westpac Banking Corp
ASX:WBC

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Westpac Banking Corp
ASX:WBC
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Price: 32.43 AUD 0.43% Market Closed
Market Cap: 111.4B AUD
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Westpac Banking Corp
Investor Relations

Westpac Banking Corporation, an enduring presence in the Australian financial sector, serves as a key pillar of the country’s economic infrastructure. Founded in 1817 as the Bank of New South Wales, it holds the distinction of being Australia's first and oldest bank. Over the years, Westpac has evolved from its humble beginnings into a financial powerhouse, providing a broad range of services, including personal, business, and institutional banking, as well as wealth management and insurance products. Its operations extend beyond Australia into New Zealand and several Pacific Island nations, embodying a robust commitment to its customers across diverse markets. The bank's ability to adapt and innovate over two centuries has allowed it to remain competitive, even as the financial landscape continues to transform at an unprecedented pace.

At the core of Westpac’s business model is its ability to leverage a vast network of branches, digital banking platforms, and financial professionals to amass deposits from customers. These deposits serve as a fundamental resource that Westpac utilizes to issue loans and mortgages, generating interest income, which forms a major portion of its revenue stream. Additionally, the bank earns through service fees, investment management, and facilitating cross-border transactions. By maintaining a keen focus on customer experience and technological advancements, Westpac seeks to reinforce its market position and profitability. Yet, like any major financial entity, Westpac must adeptly navigate regulatory landscapes and evolving customer expectations while striving to uphold its reputation as a stable, trustworthy custodian of financial resources.

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Management

Mr. Peter Francis King BEc, F.C.A.
CEO, MD & Director

Peter Francis King is a notable figure in the Australian banking sector, known for his leadership role at Westpac Banking Corporation. He joined Westpac in 1994 and has held various senior positions in the bank, showcasing a deep understanding of the financial services industry. King was appointed as the Chief Executive Officer of Westpac in April 2020. Before becoming CEO, he served as the Chief Financial Officer from 2014 to 2020, during which time he played a critical role in managing the bank's financial strategy and operations. King is credited with steering the bank through challenging periods, focusing on strengthening governance, risk management, and regulatory compliance. Educationally, Peter King holds a Bachelor of Economics degree and is a Fellow of the Chartered Accountants Australia and New Zealand (F.C.A.), reflecting his strong foundation in economic principles and expertise in financial accounting. Under his leadership, Westpac has been working on restoring trust and improving its culture, amid increasing regulatory scrutiny and the need for digital transformation in banking services. King's strategic vision includes harnessing technology to enhance customer experience and re-establishing Westpac as a leading financial institution in Australia.

Mr. Scott Collary B.A.
Group Chief Information Officer

Scott Collary is a seasoned financial services executive with extensive experience in banking and operations management. He served as the Group Executive of Customer Services and Technology at Westpac Banking Corporation. In this role, Collary was responsible for overseeing the bank's technology and operations functions, helping to drive efficiency and innovation within the organization. Before joining Westpac, he held several senior leadership roles at other major financial institutions. For example, he was the Chief Operating Officer for Citibank in North America, where he focused on retail banking operations, and also spent time in leadership positions at institutions such as ANZ and Citizens Financial Group. Scott Collary is known for his strategic vision in integrating technology with banking services to enhance customer experience and improve operational processes. He has a Bachelor of Arts degree, which contributed to his foundational understanding of both the operational and customer-focused aspects of banking services.

Mr. Jason Yetton B.Com., GDAppFin, TGMP
Chief Executive of Consumer

Jason Yetton is a seasoned financial services executive with extensive experience in the banking sector. He served as the Group Executive of Westpac Banking Corporation, one of Australia's leading financial institutions. Yetton's educational background includes a Bachelor of Commerce (B.Com.) and a Graduate Diploma in Applied Finance (GDAppFin). Additionally, he has completed The General Management Program (TGMP), further equipping him with leadership and strategic management skills. Before his role at Westpac, Jason Yetton held various senior positions within the banking industry, showcasing his expertise in retail banking, wealth management, and other financial services. His leadership roles have generally focused on enhancing customer experience, driving digital transformation, and growing the business in competitive markets. His strategic approach often emphasizes innovation and adaptation to changing financial landscapes, leveraging technology and data to improve service delivery and customer engagement. Throughout his career, Yetton has been recognized for his ability to lead teams effectively and manage complex organizational challenges. His contributions have helped position the institutions he's worked with at the forefront of the financial services industry in terms of both performance and customer satisfaction.

Mr. Ryan Armand Zanin C.F.A.
Chief Risk Officer

Ryan Armand Zanin C.F.A. is an accomplished financial executive known for his extensive experience in risk management and strategic financial operations. He serves as the Chief Risk Officer at Westpac Banking Corporation, where he oversees risk management frameworks and ensures the bank's financial stability by addressing potential financial threats and regulatory challenges. With a strong background in finance and risk assessment, Zanin has held significant positions in various financial institutions, contributing to his reputation as a leader in navigating complex economic environments. His expertise is further highlighted by his Chartered Financial Analyst (CFA) designation, which underscores his commitment to high ethical standards and professionalism in the investment industry.

Ms. Catherine Anne McGrath B.Com., L.L.B.
Chief Executive Officer of Westpac New Zealand Limited

Catherine Anne McGrath is a distinguished executive with a comprehensive background in the banking sector. At Westpac Banking Corporation, she served as the Chief Executive of Westpac New Zealand, bringing a wealth of experience and strategic insight to the position. Ms. McGrath holds a Bachelor of Commerce and a Bachelor of Laws, which have provided her with a strong foundation in both business and legal aspects crucial for leadership in the financial industry. Her career is marked by various significant roles across leading financial institutions. Before her tenure at Westpac, she held several pivotal positions at Barclays in the UK, where she played a substantial role in business transformation and customer experience enhancement. She also has experience working with ASB Bank in New Zealand, where she contributed to the bank's strategic growth and innovation. Ms. McGrath is recognized for her leadership skills, innovative thinking, and commitment to customer-centric services. Her work has often focused on leveraging technology to improve banking services, ensuring regulatory compliance, and fostering a culture of excellence within the organizations she has been part of.

Ms. Nell C. Hutton
Chief Executive of Westpac Institutional Bank

Nell C. Hutton is a prominent executive at Westpac Banking Corporation, where she holds the position of Chief Risk Officer for the Consumer & Business Banking division. In her role, she is responsible for overseeing and managing risks across the consumer and business banking segments, ensuring that the bank's risk management strategies align with its overall business objectives. Nell Hutton has a strong background in financial services and risk management. Before joining Westpac, she garnered extensive experience in the industry, having held leadership roles at other major financial institutions. Her expertise lies in developing and implementing risk frameworks, enhancing risk culture, and supporting sustainable business growth. Known for her strategic vision and leadership skills, Hutton has been instrumental in enhancing Westpac's risk management practices. She is also recognized for her ability to navigate complex regulatory environments and drive initiatives that promote financial stability and resilience. Her contributions to Westpac and the banking industry have solidified her reputation as a leading figure in risk management, exemplifying a commitment to both innovation and integrity in the financial sector.

Ms. Shannon Finch B.A., L.L.B., M.A.I.C.D.
Group General Counsel

Shannon Finch is a highly accomplished legal professional with extensive expertise in corporate governance and financial services. She serves as the Group General Counsel and Chief Legal Officer at Westpac Banking Corporation. With a strong academic background, Ms. Finch holds a Bachelor of Arts and a Bachelor of Laws degree, further complemented by her membership in the Australian Institute of Company Directors (MAICD). Before joining Westpac, Shannon Finch had a distinguished career in private practice, specializing in mergers and acquisitions, capital markets, and corporate advisory at a prominent law firm. Her work demonstrated her deep understanding of complex legal and regulatory environments, making her a valuable asset to any organization. At Westpac, she is responsible for overseeing the legal aspects of the bank's operations, ensuring compliance with relevant laws and regulations, and providing strategic legal advice to support the bank's growth and governance. Her leadership and expertise contribute significantly to Westpac's efforts in maintaining robust legal and governance frameworks.

Mr. Hayden Cooper
Group Head of Media Relations

As of the latest information available, Hayden Cooper has held positions within Westpac Banking Corp, one of Australia's leading financial institutions. Westpac Banking Corporation offers a range of financial services, including personal, business, and institutional banking. If Hayden Cooper is associated with Westpac, it would involve roles related to these areas, or corporate strategy, risk management, or other executive functions within the bank, though specific details about his career and contributions are not provided. If more recent or specified information is required, checking Westpac's official releases or business network platforms such as LinkedIn might provide updated details about his role and contributions. If this does not match your inquiry, there might be a misidentification or lack of publicly available information about this individual.

Mr. Ignacio Cortes
Head of DCM & Syndicate - Europe
No Bio Available
Mr. Michael Bass
Head of Corporate & Institutional Distribution, Europe & Americas.

Michael Bass is a recognized executive associated with Westpac Banking Corporation, one of the prominent financial institutions in Australia. He plays a significant role in the leadership team, focusing on areas critical to the bank's operational success and strategic direction. At Westpac, he has held the position of Acting Chief Financial Officer (CFO) since May 2023, where he is instrumental in overseeing the financial health of the institution. Before taking on the role of Acting CFO, Michael Bass had substantial senior finance leadership experiences. He diligently contributes to strengthening the bank's financial frameworks, compliance measures, and risk management strategies, leveraging his expertise to align with Westpac's overall business objectives. Michael Bass has been with Westpac since 2002, contributing to the financial sector with his strategic insights and extensive experience. His leadership is recognized for maintaining the bank’s reputation and performance in the dynamic financial market.

Contacts

Address
NEW SOUTH WALES
Sydney
L 18 275 Kent St
Contacts
+1161466382161.0
www.westpac.com.au