Westpac Banking Corporation (WBC.NZ)

26.50 -0.24 (-0.90%) At close: 5:00PM NZST

Westpac Banking Corporation

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

Sector(s): Financial Services
Industry: Banks—Diversified
Full-time employees: 33,607

Key executives

Name	Title	Pay	Exercised	Year born
Mr. Peter Francis King F.C.A., BEc, FCA	CEO, MD & Director	2.05M	N/A	1970
Mr. Michael Rowland B.Com., F.C.A.	Chief Financial Officer	888.68k	N/A	1962
Mr. Leslie Wilson Vance	Group Exec. of Financial Crime, Compliance & Conduct	732.29k	N/A	1971
Ms. Rebecca Lim B Econ, L.L.B., LLB (Hons)	Group Gen. Counsel & Enterprise Exec.	635.75k	N/A	1972
Ms. Christine Parker	Group Exec. of HR	729k	N/A	1960
Mr. Jason Yetton B.Com., BCom, TGMP, GDAppFin	Chief Exec. of Specialist Bus.es & Group Strategy	911.85k	N/A	1970
Ms. Carolyn McCann B.A.	Group Exec. of Customer & Corp. Relations	686.12k	N/A	1973
Mr. David Stephen	Chief Risk Officer	1.38M	N/A	1965
Mr. Scott Collary	Chief Operating Officer	N/A	N/A	N/A
Mr. Andrew Bowden	Head of Investor Relations	N/A	N/A	N/A

Amounts are as of 31 December 2020, 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, and internationally. The company operates through four divisions: Consumer, Business, Westpac Institutional Bank, Westpac New Zealand, Specialist Businesses, and Group Businesses. 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 headquartered in Sydney, Australia.

Corporate governance

Westpac Banking Corporation’s ISS governance QualityScore as of 1 July 2021 is 7. The pillar scores are Audit: 10; Board: 6; Shareholder rights: 1; Compensation: 5.

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.