Westpac Banking Corporation (WBC.NZ)

24.39 +0.89 (+3.79%) At close: 05:00PM NZDT

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: 34,637

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Peter Francis King BEc, F.C.A., FCA	CEO, MD & Director	2.15M	N/A	1970
Mr. Michael Rowland B.Com., F.C.A.	Chief Financial Officer	1.13M	N/A	1962
Mr. Scott Collary	Group Exec. of Customer Services & Technology	1.74M	N/A	1965
Ms. Christine Parker	Group Exec. of HR	858.78k	N/A	1960
Mr. Jason Yetton B.Com., BCom, GDAppFin, TGMP	Chief Exec. of Specialist Bus.es	1.19M	N/A	1970
Ms. Carolyn McCann B.A.	Group Exec. of Customer & Corp. Relations	816.17k	N/A	1973
Mr. Chris J. de Bruin B.Sc., M.B.A.	Chief Exec. of Consumer & Bus. Banking	1.58M	N/A	1964
Mr. Anthony Miller B.A., L.L.B.	Chief Exec. of Westpac Institutional Bank	2.33M	N/A	1970
Mr. Andrew Bowden	Head of Investor Relations	N/A	N/A	N/A
Ms. Shannon Finch B.A., L.L.B., M.A.I.C.D.	Group Gen. Counsel	N/A	N/A	N/A

Amounts are as of 31 December 2021, 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 NZD.

Description

Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, the Americas, Asia, Europe, and internationally. It offers everyday banking, savings, term deposit, business transaction, foreign currency, and specialized accounts; home, personal, and business loans; credit cards; international and travel services; share trading services; investment; and home, car, travel, life, and business insurance products. The company also provides merchant and payment, 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 1 October 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.