Westpac Banking Corp - Company Profile
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Westpac Banking Corp (Westpac) is a provider of personal, private, business, and corporate banking solutions. Its portfolio of products include accounts, cards, life and non-life insurance, personal and business loans, mortgages, overdraft facilities, banking supportive solutions, and financing and leasing. Westpac provides retirement planning, advisory, merchant solutions, foreign exchange, industry-specific banking, capital advisory, transaction banking, and financial market solutions. It operates through a network of branch offices, ATMs, representative offices, and online portals and serves retail, commercial, government and institutions, and SME clients. The group has an operational presence in Asia-Pacific, Europe, and North America. Westpac is headquartered in Sydney, New South Wales, Australia.
Westpac Banking Corp premium industry data and analytics
Products and Services
Products | Services | Brands |
---|---|---|
Accounts and Deposits: | Foreign Exchange | Westpac |
Everyday Accounts | Shares Trading | St. George |
Savings Accounts | Merchant Services | BankSA |
XYZ | XYZ | XYZ |
XYZ | XYZ | XYZ |
XYZ | XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
Year | Event | Description |
---|---|---|
2024 | Contracts/Agreements | In April, the bank entered into a partnership with NextGen to provide open banking benefits for home loan applications. |
2023 | Contracts/Agreements | In November, the group entered into an agreement to acquire HealthPoint. |
2023 | New Products/Services | In November, the group introduced new budgeting tool that enables its customers to calculate leftover expenditure based on their income, savings targets, and bills. |
Competitor Comparison
Key Parameters | Westpac Banking Corp | ANZ Group Holdings Ltd | National Australia Bank Ltd | Commonwealth Bank of Australia | Suncorp Group Ltd |
---|---|---|---|---|---|
Headquarters | Australia | Australia | Australia | Australia | Australia |
City | Sydney | Docklands | Melbourne | Sydney | Brisbane |
State/Province | New South Wales | Victoria | Victoria | New South Wales | Queensland |
No. of Employees | 36,146 | 40,342 | 38,516 | 48,930 | 13,300 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Peter King | Chief Executive Officer; Managing Director; Director | Executive Board | 2020 | 53 |
Michael Rowland | Chief Financial Officer | Senior Management | 2020 | 62 |
Ryan Zanin | Chief Risk Officer | Senior Management | 2022 | 61 |
Scott Collary | Group Chief Information Officer | Senior Management | 2023 | 59 |
Yianna Papanikolaou | Chief Transformation Officer | Senior Management | 2022 | 46 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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