Westpac Banking Corporation (WBC.AX)

23.77 -0.06 (-0.25%) At close: 04:10PM AEDT

Westpac Banking Corporation

275 Kent Street
Level 18
Sydney, NSW 2000
Australia
61 2 9155 7713
https://www.westpac.com.au

Sector(s): Financial Services
Industry: Banks—Diversified
Full-time employees: 37,476

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Peter Francis King BEc, F.C.A., FCA	CEO, MD & Director	3.53M	N/A	1970
Mr. Michael Rowland B.Com., F.C.A.	Chief Financial Officer	1.68M	N/A	1962
Mr. Scott Collary B.A.	Chief & Group Exec. of Customer Services & Technology	1.92M	N/A	1964
Ms. Christine Parker	Group Exec. of HR	1.33M	N/A	1960
Mr. Jason Yetton B.Com., BCom, GDAppFin, TGMP	Chief Exec. of Specialist Bus.es	1.78M	N/A	1970
Ms. Carolyn McCann B.A.	Group Exec. of Corp. Services	1.44M	N/A	1972
Mr. Chris J. de Bruin B.Sc., M.B.A.	Chief Exec. of Consumer & Bus. Banking	2.14M	N/A	1964
Mr. Ryan Armand Zanin C.F.A.	Chief Risk Officer	2.53M	N/A	1963
Mr. Anthony Miller B.A., L.L.B.	Chief Exec. of Westpac Institutional Bank	2.45M	N/A	1970
Ms. Catherine Anne McGrath B.Com., L.L.B.	Chief Exec. Officer of Westpac New Zealand Limited	1.24M	N/A	1971

Amounts are as of 31 December 2022, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in AUD.

Description

Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, and internationally. It offers savings, term deposit, business transaction, not-for-profit transaction, foreign currency, farm management deposit, project and retention trust, and statutory trust accounts; home, personal, business, and commercial loans; car and equipment finance; business overdrafts and bank guarantees; debit and credit cards; international and travel services; share trading services; investment products; and home, car, travel, life, caravan and trailer, credit card and loan repayment, boat, and business insurance products. The company also provides corporate and institutional, transaction banking, financial market, corporate and structured finance, trade and supply chain financing, and industry specific banking and treasury services, as well as online banking services. It serves individuals; micro, small, and medium enterprises; commercial business and private wealth clients; and commercial, corporate, institutional, and government customers. The company was formerly known as Bank of New South Wales and changed its name to Westpac Banking Corporation in October 1982. The company was founded in 1817 and is based in Sydney, Australia.

Corporate governance

Westpac Banking Corporation’s ISS governance QualityScore as of 28 November 2022 is 6. The pillar scores are Audit: 10; Board: 6; Shareholder rights: 1; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.