Our notice explains how we use cookies and how you can manage them. It’s where he first learned to go “all in.” “You look at the world differently,” he says. David was appointed Chief Risk Officer in October 2018, with responsibility for risk management across the Group. Since joining Westpac in February 1999, he has held a number of senior roles including Head of Debt Capital Markets New Zealand, General Manager, Private, Wealth and Insurance New Zealand and Head of Westpac Institutional Bank New Zealand, and most recently, Managing Director of the Westpac New York branch. Consider its appropriateness to these factors before acting on it. "We all have a role to play and we all have to put our shoulder to the wheel. If you are inspired by Westpac's history and would like some more information, please email us or contact: The Head of Historical Services Westpac Group Unit 2 Building A 16 Mars Road Lane Cove NSW 2066. On 1 March 2010, The Westpac Group commenced operating as a single authorised deposit-taking institution (ADI), and the legal entity St.George Bank Limited was deregistered. Anthony holds a Bachelor of Law (Honours) from Queensland University of Technology, and Bachelor of Arts (Japanese Language, Modern Asian Studies) from Griffiths University. Gail Kelly (née: Currer) (born 25 April 1956) is a South African-born Australian businesswoman. Jason was appointed Chief Executive, Specialist Businesses in May 2020. Michael commenced his career at KPMG, where he was promoted to become a Tax Partner in 1993. BSc Mathematics (Hons) Acting Chief Executive, Consumer Division. Prior to Deutsche Bank, Anthony was a partner at Goldman Sachs based in Hong Kong within the investment banking division and previously held a number of roles at Goldman Sachs in Australia and New Zealand having joined the organisation in 2001. […] Prior to joining Westpac, Carolyn spent 13 years at Insurance Australia Group in various positions, including Group General Manager, Corporate Affairs and Investor Relations. Christine was appointed to Westpac Group’s Executive Team in October 2011. Christine has responsibility for the office of the Banking Executive Accountability Regime (BEAR) and also supports the CEO and Board on culture and conduct. Prior to Westpac, Les was Group Executive for External Funds at Investa Property Group and Chief Executive for Gaming at TAB Limited. World News - AU - Westpac has been fined the biggest in Australian company history - Westpac Reaches Deal With AUSTRAC To Settle Over 23 Million Alleged Anti-Money Laundering Law Breaches By Paying Record $ 1.3 Billion In Penalty CAMEROON MAGAZINE - CAMEROUN INFO - CAMEROUN ACTU austrac, Australian Transaction Reports and Analysis Centre, Money laundering, penalty, Westpac Prior to joining Westpac, Richard held senior roles in financial services in Australia and the UK including Head of Business Performance at Challenger Financial Services Group and Head of Performance Management at National Australia Bank. The crash of the New York stock market on Black Thursday, 24 October 1929 signalled the start of the depression in the international market. Prior to that, he was Chief Executive Officer & Managing Director, SocietyOne, an early financial services disrupter and consumer finance marketplace lender. Westpac has a long and proud history as Australia's first and oldest bank. We are a strong bank and are … Westpac began the new century as a principal sponsor of the very successful Sydney 2000 Olympic Games. Terms and Conditions or Product Disclosure Statement, Challenge Bank Limited, Western Australia in 1995. Unless otherwise specified, the products and services described on this website are available only in Australia from © Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714. Jason was previously with the Westpac Group for more than 20 years, holding a number of senior positions including Group Executive, Westpac Retail & Business Banking, and a range of senior executive positions in BT Financial Group. Westpac has been providing banking solutions to New Zealanders for over 150 years. Statement from Westpac Group Acting CEO, Peter King. However, as a result of the economic downturn at the end of the decade, Westpac declared a loss of $1.6 billion for the financial year ended 30 September 1992. Westpac is Australia's first bank with a range of innovative financial packages to support your personal, business or corporate banking needs. The Bank's major expansion began in response to the gold fever in 1851 when it saw an opportunity to set up gold-buying agents in response to the needs of miners and merchants. Full details are available on request. We use cookies to secure and tailor your web use. Christine is currently Chair of the St.George Foundation, a member of the Chief Executive Women and was previously a Director of Women’s Community Shelters and member of the Veterans’ Employment Industry Advisory Committee. He is responsible for Westpac’s Finance, Group Audit, Investor Relations, Tax and Treasury functions. The effective date of the merger was 1 December 2008. This included CFO Institutional Banking, CFO Wealth, CFO New Zealand, CFO Personal Financial Services, and business leadership roles as CEO Pacific, Managing Director Mortgages and General Manager, Transformation. Joining Westpac in 2008, Les has held a variety of senior roles including Chief Operating Officer, Consumer Division and Chief Risk Officer, BT Financial Group. "Australia is going through an extraordinary and challenging time. Les has over 25 years’ executive experience across transformation and program delivery, risk and governance, operations and line management. In this newly created role, Les is responsible for overseeing and strengthening the governance and management of these risks. Rebecca is a member of Chief Executive Women. Before joining Westpac Group, Anthony was CEO of Australia & New Zealand and Co-Head of Investment Bank, Asia Pacific at Deutsche Bank from 2017. Rich Kettley | February 05, 2019 Share | Nash Subotic’s journey began in war-torn Bosnia. Frank … On 25 July 2011, Westpac Group, through its operating division, St.George Banking Group, launched the Bank of Melbourne. Anthony Miller joined Westpac Group as Chief Executive, Westpac Institutional Bank in October 2020. Many believe that Westpac's history and its near-death experience in the early 1990s still shapes the way banks are run and regulated today. It was established in 1817 as the Bank of New South Wales under a charter of incorporation provided by Governor Lachlan Macquarie. This information does not take your personal objectives, circumstances or needs into account. Joss resigned after the board's refusal and was replaced by David Morgan. It had grown from a single office in Sydney to a network of 37 branches by 1861. Richard was appointed Acting Chief Executive, Consumer Division in June 2020. Peter commenced his career at Deloitte Touche Tohmatsu. This division originally brought together management of the Group’s customer resolution of complaints, alongside the functions responsible for reputation, corporate affairs, communications and sustainability. BBus (Com), BA, GradDipAppFin, GAICD Group Executive, Customer & Corporate Relations. When we opened our doors for business the first employee was Joseph Hyde Potts. Conditions, fees and charges apply. Before joining Westpac, Michael was a Partner in Management Consulting at KPMG. Following the acquisition of the Commercial Bank of Australia in 1982, Westpac expanded rapidly in the 1980s. Most recently, Jason was Chief Executive Officer NewCo, CBA, where he was appointed to lead the demerger of its wealth management and mortgage broking businesses. Before joining Westpac, Scott was Chief Information & Operations Officer for North America Consumer Businesses at Bank of Montreal, Canada. From that date St.George Bank became an operating division within The Westpac Group. Westpac has chosen a South African as the new head of its retail banking division, closing a global search for the top position that has lain vacant since June. This was a challenging time, beginning with a serious loss in 1821 when it was discovered that the Bank of NSW's Chief Cashier had stolen half its subscribed capital, none of which was ever recovered. Prior to his appointment, Guil was Group Head of Wealth Management at HSBC Hong Kong. 1886 Modern technology came to the BNSW with the arrival of the telephone. Terms and Conditions or Product Disclosure Statement. In 2002, the bank began a strategic reshaping commencing with the sale of its longstanding iconic finance company, Australian Guarantee Corporation Limited (AGC) to GE Australia. By continuing to use this site we assume you're ok with our notice. This information does not take your personal objectives, circumstances or needs into account. Westpac CEO Brian Hartzer arrives at the royal commission in Sydney. Since joining Westpac in 2007, Christine has held a variety of senior leadership roles including Group General Manager, Human Resources and General Manager, Human Resources for Westpac New Zealand Limited. We use cookies to secure and tailor your web use. During this time, Richard led large teams of finance professionals while driving performance, optimising investment to generate positive customer experiences and managing all aspects of financial reporting. WestPac CEO Featured in California Business Journal. 1861 One month after the bank agreed to take over the Oriental Bank's New Zealand business in April 1861, gold was discovered in Otago and our bankers were soon riding on horses and sleeping in tents to service the gold fields. B.Comm (Finance & Mktg), GradDipAppFin Chief Executive, Specialist Businesses, Strategy & Transformation. Westpac began the new century as a principal sponsor of the very successful Sydney 2000 Olympic Games. During the year, Carolyn assumed responsibility for the Customer Advocate function as well as the Group’s Customer Outcomes and Risk Excellence Program, a program to improve risk culture, governance and accountability. Established in 1817 as the Bank of New South Wales, the company changed its name to Westpac Banking Corporation in 1982. She was replaced by Brian Hartzer, previously Westpac's financial services chief executive. Peter was appointed Westpac Group Chief Executive Officer in April 2020, after holding the role on an acting basis between December 2019 and March 2020. Unless otherwise specified, the products and services described on this website are available only in Australia from © Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714. Westpac Banking Corp. chief executive officer Tuesday, forced out by an investor backlash over allegations the lender committed the biggest breach of money-laundering laws in Australia’s history. From 1 November 2020, the division also includes Westpac Group’s customer remediation function. Prior to this, David worked as a lawyer in private practice and served as in-house counsel for NatWest NZ from 1985. These may change or we may introduce new ones in the future. In the same year, we began to expand our wealth management business with the acquisition of: 1. As Group Executive, Human Resources, Christine leads the HR function for the Group, responsible for strengthening our service oriented and inclusive culture, attracting and retaining the best talent, developing and helping our workforce to grow skills for the future, rewarding and recognising our people and ensuring their health and wellbeing. Westpac ’ s history is one of continuous growth in assets and earnings. He has a Bachelor of Economics from Sydney University and completed the Advanced Management Programme at INSEAD. Our notice explains how we use cookies and how you can manage them. Hartzer joined Westpac as head of its Australian financial services unit in 2012, before being named CEO in early 2015. Rebecca joined Westpac in 2002 and has held a variety of other senior leadership roles including General Manager, Human Resources for St.George Bank and General Manager, St.George Private Clients. Specialist Businesses support customers with wealth needs including Life and General Insurance, Superannuation and Platforms and Investments as well as Auto Finance and Pacific banking. Find out more. Michael joined Westpac Group as Chief Financial Officer in September 2020. By continuing to use this site we assume you're ok with our notice. In the same year, we began to expand our wealth management business with the acquisition of: In 2008 Westpac merged with St.George Bank Limited, resulting in a much larger multi-brand Group. From 1993 to 1999, under the leadership of Robert (Bob) Joss, Westpac underwent a substantial rejuvenation program and then instigated a number of acquisitions in Australia and New Zealand to expand its retail footprint in markets where it was underweight, acquiring. While his bank was laundering money for child exploitation and the firm's profitability fell by 16 per cent in the year to September, Mr Hartzer received more than $5 million. Davidson advocated a bold initiative to adjust the exchange rate on London downwards from par to £A130 = £100stg in 1931. Westpac Banking Corporation is an Australian public company that obtains its revenue from the provision of financial services including lending, deposit-taking, payment services, foreign exchange services, superannuation and funds management, investment portfolio management, insurance services and other general financial services. Before that he held a number of senior executive positions at ANZ from 1999 to 2013. Parts of BT Financial Group 3. Former Westpac CEO Gail Kelly could make a remarkable return, although aside from being touted as the possible BHP chairman and sitting on the Singtel board, she … David McLean is an experienced banker who was appointed Chief Executive Officer of Westpac New Zealand Ltd in February 2015. Before joining Westpac, Christine held senior HR roles in a number of high-profile organisations and across a range of industries, including Carter Holt Harvey and Restaurant Brands New Zealand. Consider its appropriateness to these factors before acting on it. Richard also led an advisory team for KPMG in the UK. Westpac Bank chief executive Brian Hartzer has resigned after the lender was engulfed by allegations it committed the biggest violation of money-laundering laws in Australian history. Managing Director and Chief Executive Officer, Westpac Group. General Manager, corporate Affairs and sustainability an important role in investment Banking at Goldman in! 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