He also established the New Zealand branch of Deutsche Bank and was New Zealand Resident Branch Manager. The Bank's major expansion began in response to the gold fever in 1851 when it saw an opportunity to set up gold-buying agents in response to the needs of miners and merchants. David was appointed Chief Executive Officer, Westpac New Zealand Limited in February 2015. This action was a response to much slower growth over the past several years and the desire to rationalize following Westpac's 2008 merger with St. George Bank. Christine was appointed to Westpac Group’s Executive Team in October 2011. Michael commenced his career at KPMG, where he was promoted to become a Tax Partner in 1993. Westpac began the new century as a principal sponsor of the very successful Sydney 2000 Olympic Games. Prior to joining Westpac, Richard held senior roles in financial services in Australia and the UK including Head of Business Performance at Challenger Financial Services Group and Head of Performance Management at National Australia Bank. Lending criteria apply to approval of credit products. Carolyn was appointed as Westpac’s Group Executive responsible for customer and corporate relations in May 2018. By continuing to use this site we assume you're ok with our notice. In addition, Anthony has responsibility for Westpac's offices and branches in Asia, London and New York. Westpac CEO Brian Hartzer arrives at the royal commission in Sydney. Westpac's board--believing that it was a poor value for shareholders--turned down the deal. He is responsible for Group Strategy, Transformation Office and Corporate & Business Development. She was replaced by Brian Hartzer, previously Westpac's financial services chief executive. Prior to Westpac, Les was Group Executive for External Funds at Investa Property Group and Chief Executive for Gaming at TAB Limited. The effective date of the merger was 1 December 2008. The division provides a wide range of retail banking, lending and consumer finance services across the Westpac, St.George, BankSA, Bank of Melbourne and RAMS brands. In the same year, we began to expand our wealth management business with the acquisition of: 1. Westpac has outlined its plans for rebuilding in 2021 with CEO Peter King commenting that the bank’s 2020 performance was “clearly disappointing,” with profit down by 66% on the previous year.. David has a Bachelor of Business in Banking and Finance from Monash University and is a Board member of the International Financial Risk Institute. Westpac Banking Corp. chief executive officer Tuesday, forced out by an investor backlash over allegations the lender committed the biggest breach of money-laundering laws in Australia’s history. Find out more. Christine is currently Chair of the St.George Foundation, a member of the Chief Executive Women and was previously a Director of Women’s Community Shelters and member of the Veterans’ Employment Industry Advisory Committee. Les has over 25 years’ executive experience across transformation and program delivery, risk and governance, operations and line management. Rothschild Australia Asset Management 2. By continuing to use this site we assume you're ok with our notice. Scott has over 30 years’ global banking experience, with a breadth of expertise across technology, operations, risk mitigation and commercial functions. David joined Westpac in February 1999 to head the Debt Capital Markets group in New Zealand. MBA, BBA Chief Executive, Business Division. Former Westpac CEO Gail Kelly could make a remarkable return, although aside from being touted as the possible BHP chairman and sitting on the Singtel board, she … He is a Fellow of the Institute of Chartered Accountants. Joining Westpac in 2008, Les has held a variety of senior roles including Chief Operating Officer, Consumer Division and Chief Risk Officer, BT Financial Group. In 2002, the bank began a strategic reshaping commencing with the sale of its longstanding iconic finance company, Australian Guarantee Corporation Limited (AGC) to GE Australia. The division supports Australia’s small business, commercial, agribusiness and private wealth customers providing a wide range of banking services across the Westpac, St.George, BankSA and Bank of Melbourne brands. BGDipBus (HRM) Group Executive, Human Resources. Established in 1817 as the Bank of New South Wales, the company changed its name to Westpac Banking Corporation in 1982. Guil has 22 years’ experience in banking and consulting in Hong Kong, Brazil, UK, US, Spain and the Netherlands. It was established in 1817 as the Bank of New South Wales under a charter of incorporation provided by Governor Lachlan Macquarie. Following the acquisition of the Commercial Bank of Australia in 1982, Westpac expanded rapidly in the 1980s. During this time, Richard led large teams of finance professionals while driving performance, optimising investment to generate positive customer experiences and managing all aspects of financial reporting. We use cookies to secure and tailor your web use. It had grown from a single office in Sydney to a network of 37 branches by 1861. In 2014, Brian Hartzer was named CEO of Westpac. Prior to joining Westpac, Carolyn spent 13 years at Insurance Australia Group in various positions, including Group General Manager, Corporate Affairs and Investor Relations. 1886 Modern technology came to the BNSW with the arrival of the telephone. If you are inspired by Westpac's history and would like some more information, please email us or contact: The Head of Historical Services Westpac Group Unit 2 Building A 16 Mars Road Lane Cove NSW 2066. Our notice explains how we use cookies and how you can manage them. Westpac chief executive officer Brian Hartzer has been pushed out as the major lender battles an investigation by Australia’s financial intelligence agency over a money laundering and child exploitation scandal. Prior to this he was Deputy Chief Financial Officer for three years and worked in senior positions across the Group including in Group Finance, Business and Consumer Banking, Business and Technology Services, Treasury and Financial Markets. 22 March 2020 "Westpac welcomes the Federal Government’s economic support measures. Westpac is Australia's first bank with a range of innovative financial packages to support your personal, business or corporate banking needs. Rebecca began her career at Blake Dawson Waldron (now Ashurst) before joining the US firm Skadden Arps where she worked in both New York and London. He is also accountable for the Strategic Reviews and potential divestments of the Group’s Specialist Businesses. Richard holds a Bachelor of Science in Mathematics with Honours, from the University of Bristol. World News - AU - Westpac has been fined the biggest in Australian company history - Westpac Reaches Deal With AUSTRAC To Settle Over 23 Million Alleged Anti-Money Laundering Law Breaches By Paying Record $ 1.3 Billion In Penalty CAMEROON MAGAZINE - CAMEROUN INFO - CAMEROUN ACTU austrac, Australian Transaction Reports and Analysis Centre, Money laundering, penalty, Westpac Jason was appointed Chief Executive, Specialist Businesses in May 2020. In his 10 years at Westpac, Richard has held senior finance roles spanning consumer, business and Group functions including Chief Financial Officer of the Consumer Division, Chief Financial Officer of the Business Division, Acting General Manager, Group Finance and Acting Deputy Chief Financial Officer. As Group Executive, Human Resources, Christine leads the HR function for the Group, responsible for strengthening our service oriented and inclusive culture, attracting and retaining the best talent, developing and helping our workforce to grow skills for the future, rewarding and recognising our people and ensuring their health and wellbeing. Specialist Businesses support customers with wealth needs including Life and General Insurance, Superannuation and Platforms and Investments as well as Auto Finance and Pacific banking. The bank’s leader will step down on December 2 with a hefty golden handshake of 12 months’ pay, which amounts to $2.7 million. Hartzer began his career as a consultant at First Manhattan Consulting Group (FMCG), working in New York, San Francisco and Melbourne. During the year, Carolyn assumed responsibility for the Customer Advocate function as well as the Group’s Customer Outcomes and Risk Excellence Program, a program to improve risk culture, governance and accountability. Les was appointed Group Executive, Financial Crime, Compliance and Conduct in June 2020. Prior to that, Scott held senior executive positions at a number of multinational financial institutions including ANZ, Citibank, Fifth Third Bank and Bank of America. Consider its appropriateness to these factors before acting on it. Its position as a world-class bank is gaining strength, and its leadership throughout the 1980s has put it in an excellent position for the future. Most recently, Jason was Chief Executive Officer NewCo, CBA, where he was appointed to lead the demerger of its wealth management and mortgage broking businesses. […] Lending criteria apply to approval of credit products. He started at HSBC as Group Head of Strategy in London in 2010 after a career totalling 10 years at McKinsey & Co. Guil holds a Bachelor of Business Administration in General Management and Finance from Fundação Getulio Vargas (FGV) in Brazil and a Master of Business Administration in Strategy, Corporate Finance and Investment Management from Harvard Business School. B.Comm (Finance & Mktg), GradDipAppFin Chief Executive, Specialist Businesses, Strategy & Transformation. Our purpose and strategy. Unless otherwise specified, the products and services described on this website are available only in Australia from © Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714. Find out more about our history, financial sustainability plans, sponsorship programmes, press releases & banking career opportunities. He has responsibility for Westpac's global relationships with corporate, institutional and government clients, as well as all products across financial and capital markets, transactional banking, structured finance and working capital payments. Prior to Deutsche Bank, Anthony was a partner at Goldman Sachs based in Hong Kong within the investment banking division and previously held a number of roles at Goldman Sachs in Australia and New Zealand having joined the organisation in 2001. Brian Hartzer (born 1967) is an Australian business executive who was the Managing Director and CEO of Westpac from 2014 to 2020.. Education. Michael holds a Bachelor of Commerce, University of Melbourne and a Graduate Diploma of Taxation Law, Monash University. We are a strong bank and are … Gail Kelly (pictured) was Westpac's South African-born CEO during one year of that period The bank has admitted to contravening the Anti-Money … Prior to this, David was the Chief Risk Officer for Royal Bank of Scotland (RBS) from 2013, having joined in 2010 as the Deputy Chief Risk Officer. In his 25 years at Westpac, Peter has held senior finance roles including Chief Financial Officer with responsibility for Westpac’s Finance, Group Audit, Tax, Treasury and Investor Relations functions. Rebecca is responsible for leading Westpac’s legal function globally, as well as leading the CEO’s office. Former Westpac boss David Morgan says company chief executives are "ridiculously overpaid" but the intense pressure of the job causes some to "literally weep" in private. In this newly created role, Les is responsible for overseeing and strengthening the governance and management of these risks. He is responsible for Westpac’s Finance, Group Audit, Investor Relations, Tax and Treasury functions. Richard also led an advisory team for KPMG in the UK. Prior to his appointment, Guil was Group Head of Wealth Management at HSBC Hong Kong. WestPac CEO Featured in California Business Journal. Before joining Westpac, Christine held senior HR roles in a number of high-profile organisations and across a range of industries, including Carter Holt Harvey and Restaurant Brands New Zealand. From 1993 to 1999, under the leadership of Robert (Bob) Joss, Westpac underwent a substantial rejuvenation program and then instigated a number of acquisitions in Australia and New Zealand to expand its retail footprint in markets where it was underweight, acquiring. However, as a result of the economic downturn at the end of the decade, Westpac declared a loss of $1.6 billion for the financial year ended 30 September 1992. In the same year, we began to expand our wealth management business with the acquisition of: In 2008 Westpac merged with St.George Bank Limited, resulting in a much larger multi-brand Group. ANZ CEO Shayne Elliott received $5.1 million while retail and commercial cash profits at the bank fell by 10 per cent this past year. By the end of the year, the Bank of New South Wales (BNSW) had opened seven branches in New Zealand. Unless otherwise specified, the products and services described on this website are available only in Australia from © Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714. Conditions, fees and charges apply. This division originally brought together management of the Group’s customer resolution of complaints, alongside the functions responsible for reputation, corporate affairs, communications and sustainability. She is the former chief executive officer (CEO) of Westpac, stepping down from the role on 1 February 2015. B Econ, LLB (Hons) Group General Counsel & Enterprise Executive. This information does not take your personal objectives, circumstances or needs into account. Rich Kettley | February 05, 2019 Share | Nash Subotic’s journey began in war-torn Bosnia. 1861 One month after the bank agreed to take over the Oriental Bank's New Zealand business in April 1861, gold was discovered in Otago and our bankers were soon riding on horses and sleeping in tents to service the gold fields. Rebecca is a member of Chief Executive Women. "We all have a role to play and we all have to put our shoulder to the wheel. Before joining Westpac Group, Anthony was CEO of Australia & New Zealand and Co-Head of Investment Bank, Asia Pacific at Deutsche Bank from 2017. Parts of BT Financial Group 3. Rebecca then moved into an in-house role in investment banking at Goldman Sachs in London before returning to Australia and joining Westpac. He was appointed Head of Westpac Institutional Bank New Zealand in January 2004. Before joining Westpac Group, Anthony was CEO of Australia & New Zealand and Co-Head of Investment Bank, Asia Pacific at Deutsche Bank from 2017. Westpac ’ s history is one of continuous growth in assets and earnings. Carolyn joined Westpac in 2013, as General Manager, Corporate Affairs and Sustainability. Our history. Read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement, before deciding. Jason was previously with the Westpac Group for more than 20 years, holding a number of senior positions including Group Executive, Westpac Retail & Business Banking, and a range of senior executive positions in BT Financial Group. Scott holds a Bachelor’s Degree from the University of Maryland in the United States. David McLean is an experienced banker who was appointed Chief Executive Officer of Westpac New Zealand Ltd in February 2015. Scott Collary joined Westpac in November 2020 as Chief Operating Officer and leads our corporate services, operations and technology functions. From that date St.George Bank became an operating division within The Westpac Group. In early February 2012, Westpac announced plans to axe more than 400 domestic jobs and another 150 offshore jobs. The outgoing Westpac chief executive was born in New York and educated at the prestigious Princeton University, where he graduated with a Bachelor of Arts in European history. Terms and Conditions or Product Disclosure Statement, Challenge Bank Limited, Western Australia in 1995. Westpac has chosen a South African as the new head of its retail banking division, closing a global search for the top position that has lain vacant since June. Before joining Westpac, David was Director, Capital Markets at Deutsche Morgan Grenfell from 1994. We use cookies to secure and tailor your web use. Peter commenced his career at Deloitte Touche Tohmatsu. Guilherme (Guil) joined Westpac Group as Chief Executive, Business Division in December 2019. On 25 July 2011, Westpac Group, through its operating division, St.George Banking Group, launched the Bank of Melbourne. On 1 March 2010, The Westpac Group commenced operating as a single authorised deposit-taking institution (ADI), and the legal entity St.George Bank Limited was deregistered. While his bank was laundering money for child exploitation and the firm's profitability fell by 16 per cent in the year to September, Mr Hartzer received more than $5 million. She began her career in consulting and has extensive in-house and consulting experience in financial services. This was a challenging time, beginning with a serious loss in 1821 when it was discovered that the Bank of NSW's Chief Cashier had stolen half its subscribed capital, none of which was ever recovered. Anthony Miller joined Westpac Group as Chief Executive, Westpac Institutional Bank in October 2020. For over 200 years we have played an important role in the economic and social fabric of Australia. The first significant sign of this in Australia came in January of that year, when Alfred Charles Davidson became general manager. From 1 November 2020, the division also includes Westpac Group’s customer remediation function. LLB (Hons), BA Chief Executive, Westpac Institutional Bank. Many believe that Westpac's history and its near-death experience in the early 1990s still shapes the way banks are run and regulated today. Joss resigned after the board's refusal and was replaced by David Morgan. Westpac has been providing banking solutions to New Zealanders for over 150 years. Before joining Goldman Sachs, Anthony worked at Credit Suisse. Conditions, fees and charges apply. Before joining Westpac, Scott was Chief Information & Operations Officer for North America Consumer Businesses at Bank of Montreal, Canada. Our notice explains how we use cookies and how you can manage them. This included CFO Institutional Banking, CFO Wealth, CFO New Zealand, CFO Personal Financial Services, and business leadership roles as CEO Pacific, Managing Director Mortgages and General Manager, Transformation. Prior to this he was Managing Director of the New York branch of Westpac Group. A new biography of the former bank chief and senior Treasury official details how he took to mentoring executives after his time leading the bank, in part because life as a CEO was "seldom openly discussed". In October 1982 it changed its name to Westpac Banking Corporation following the acquisition of the Commercial Bank of Australia. Westpac has a long and proud history as Australia's first and oldest bank. When asked whether he would be happy if the CEO or the chair of Westpac were still in place in six months' time, Mr Frydenberg raised history. Full details are available on request. The crash of the New York stock market on Black Thursday, 24 October 1929 signalled the start of the depression in the international market. Before that he held a number of senior executive positions at ANZ from 1999 to 2013. “Tomorrow could be your last day on earth. BCom, LLB (Hons) Group Executive, Financial Crime, Compliance and Conduct. Hartzer joined Westpac as head of its Australian financial services unit in 2012, before being named CEO in early 2015. Anthony holds a Bachelor of Law (Honours) from Queensland University of Technology, and Bachelor of Arts (Japanese Language, Modern Asian Studies) from Griffiths University. Full details are available on request. He became Westpac CEO in 2014 following the departure of previous boss Gail Kelly. In 1988, David joined Southpac/National Bank as a Capital Markets Executive. Before joining Westpac, Michael was a Partner in Management Consulting at KPMG. Chief Executive Officer, Westpac New Zealand Limited. Westpac Banking Corp. of the biggest violation of money-laundering laws in the country’s history. These may change or we may introduce new ones in the future. Rebecca joined Westpac in 2002 and has held a variety of other senior leadership roles including General Manager, Human Resources for St.George Bank and General Manager, St.George Private Clients. Since joining Westpac in 2007, Christine has held a variety of senior leadership roles including Group General Manager, Human Resources and General Manager, Human Resources for Westpac New Zealand Limited. He has a Bachelor of Economics from Sydney University and completed the Advanced Management Programme at INSEAD. Brian Hartzer graduated from Princeton University.. Banking career. Frank … Peter was appointed Westpac Group Chief Executive Officer in April 2020, after holding the role on an acting basis between December 2019 and March 2020. Since joining Westpac in February 1999, he has held a number of senior roles including Head of Debt Capital Markets New Zealand, General Manager, Private, Wealth and Insurance New Zealand and Head of Westpac Institutional Bank New Zealand, and most recently, Managing Director of the Westpac New York branch. LLB (Hons.) Westpac over its 202 year history has assisted its customers through many crises. Christine has responsibility for the office of the Banking Executive Accountability Regime (BEAR) and also supports the CEO and Board on culture and conduct. The bank ’ s domestic footing is solid; Westpac controls 25% of Australia ’ s bank deposits. David has also previously held other senior roles at both retail and investment banks in the UK, USA, Hong Kong and Australia, including serving as Chief Risk Officer at ANZ and Chief Credit Officer at Credit Suisse Financial Products. Michael joined Westpac Group as Chief Financial Officer in September 2020. Richard was appointed Acting Chief Executive, Consumer Division in June 2020. Terms and Conditions or Product Disclosure Statement. Westpac Bank chief executive Brian Hartzer has resigned after the lender was engulfed by allegations it committed the biggest violation of money-laundering laws in Australian history. Read the disclosure documents for your selected product or service, including the Terms and Conditions or Product Disclosure Statement, before deciding. He is a Fellow of the Institute of Chartered Accountants in Australia and New Zealand. It’s where he first learned to go “all in.” “You look at the world differently,” he says. Les commenced his career as a solicitor at the legal firm Freehills. Gail Kelly (née: Currer) (born 25 April 1956) is a South African-born Australian businesswoman. As a porter and servant, he received a weekly ration from the King's stores and an annual salary of 25 pounds. Westpac began the new century as a principal sponsor of the very successful Sydney 2000 Olympic Games. Managing Director and Chief Executive Officer, Westpac Group. 1892 The first typewriter was purchased and caused a small controversy. Prior to this, David worked as a lawyer in private practice and served as in-house counsel for NatWest NZ from 1985. Prior to that, he was Chief Executive Officer & Managing Director, SocietyOne, an early financial services disrupter and consumer finance marketplace lender. In 2002, the bank began a strategic reshaping commencing with the sale of its longstanding iconic finance company, Australian Guarantee Corporation Limited (AGC) to GE Australia. "Australia is going through an extraordinary and challenging time. Westpac Banking Corporation is an Australian public company that obtains its revenue from the provision of financial services including lending, deposit-taking, payment services, foreign exchange services, superannuation and funds management, investment portfolio management, insurance services and other general financial services.