WBC.AX - Westpac Banking Corporation

ASX - ASX Delayed price. Currency in AUD

Westpac Banking Corporation

275 Kent Street
Sydney, NSW 2000
61 2 9155 7713

IndustryMoney Center Banks
Full-time employees35,096

Key executives

Mr. Brian Charles Hartzer B.A., C.F.A.MD, CEO & DirectorN/AN/A51
Mr. Peter Francis King BEc, FCAChief Financial Officer1.67MN/A48
Mr. David Curran B.ComChief Information Officer1.43MN/A53
Ms. Rebecca Lim L.L.B., B Econ, LLB (Hons)Group Exec. of Compliance, Legal & Secretariat and Company Sec.N/AN/A46
Ms. Christine ParkerGroup Exec. of HR, Corp. Affairs & Sustainability1.32MN/A58
Amounts are as of 31December,2016, 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.


Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, Asia, the Pacific region, and internationally. It operates through five divisions: Consumer Bank, Business Bank, BT Financial Group, Westpac Institutional Bank, and Westpac New Zealand. It offers everyday banking, savings, term deposit, moving to Australia, under 21 and student, business, community solutions one, not-for-profit savings, and foreign currency accounts; term, tailor-made, and farm management deposits; debit, credit, and travel money cards; home, personal, investment, small business, and commercial loans; and equipment, automotive, cash flow, property, and insurance premium financing services. It also provides home and content, landlord, car, travel, boat, caravan and trailer, life, credit card and loan repayment, income protection, business, farm pack, person income, and business overheads insurance products; superannuation and retirement products; investment portfolios; installment warrants; and trading, financial advisory, wealth, foreign currency exchange, international payment, cash flow management, international trade, and import and export services. In addition, it offers industry specific banking and treasury services; other services, such as emergency cash, online and telephone banking, ATMs, unclaimed money, travel center, margin lending, and banking services to migrants moving to Australia; and mobile wallets. Further, it provides capital advisory and fund management, transactional and private banking, and financial market services; and corporate and structured finance, as well as trade and supply chain finance. It serves individuals; micro, small, and medium enterprises; 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 headquartered in Sydney, Australia.

Corporate governance

Westpac Banking Corporation’s ISS governance QualityScore as of 1January,2018 is 2. The pillar scores are Audit: 10; Board: 1; Shareholder rights: 1; Compensation: 1.

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.