Westpac appoints Paul Fowler as Chief Executive, Business & Wealth
SYDNEY: Westpac Group has appointed Paul Fowler to the position of Chief Executive, Business & Wealth. Paul Fowler is an experienced leader in financial services with a...
Westpac reports 26% rise in net profit, announces expansion plans and digital initiatives
Westpac Banking Corporation, one of Australia’s largest banks, has announced its financial results for the year 2023, showing a strong performance despite the challenging economic...
Westpac to retain its Pacific Banking Businesses
SYDNEY, AUSTRALIA:P Westpac has today announced it has concluded the sales process for its Pacific banking businesses and will retain Westpac Fiji and Westpac Bank...
Westpac to sell Advance Asset Management to Mercer, merge with BT Funds
SYDNEY, AUSTRALIA: Westpac and BT Funds Management Limited (Trustee) have entered into a Heads of Agreement to merge, through a successor fund transfer (SFT), BT’s...
Westpac completes sale of New Zealand life insurance business
SYDNEY, AUSTRALIA: Westpac announced that it has completed the sale of Westpac Life-NZ- Limited to Fidelity Life Assurance Company Limited for NZ$400 million. The transaction...
Catherine McGrath appointed CEO Westpac New Zealand
AUCKLAND, NEW ZEALAND: Westpac Group CEO Peter King and the Westpac New Zealand Board today announced the appointment of Catherine McGrath as Chief Executive Officer,...
Westpac considering selling New Zealand business
SYDNEY: Westpac is assessing the appropriate structure for its New Zealand business and whether a demerger would be in the best interests of shareholders. Westpac...
Westpac sells Pacific businesses to Kina Bank for $420 million
SYDNEY: Westpac Group announced the sale of its Pacific businesses – Westpac Fiji and Westpac’s 89.91% stake in Westpac Bank PNG Limited – to Kina...
Westpac sells general insurance business to Allianz for$725 million
SYDNEY: Westpac Group announced it will sell Westpac General Insurance Limited and Westpac General Insurance Services Limited to Allianz and enter into an exclusive 20-year...
Westpac announces to bring back around 1,000 jobs to Australia from overseas
MELBOURNE, AUSTRALIA: Westpac Group has announced it will bring back around 1,000 jobs to Australia from overseas as it seeks to bolster the strength and...