Westpac Group appoints Yianna Papanikolaou as Chief Transformation Officer
SYDNEY, AUSTRALIA: Westpac Group announced the appointment of Yianna Papanikolaou to the newly created position of Chief Transformation Officer. Ms Papanikolaou will sit on the...
Westpac Group reduces corporate size by 20% to reduce costs
AUCKLAND, NEW ZEALAND: Westpac Group has announced changes to simplify the bank, improve accountability and reduce costs. In 2021, Westpac established a 3-year plan to reduce its cost...
Westpac Group sells lenders mortgage insurance business to Arch Capital
AUCKLAND: Westpac Group will sell Westpac Lenders Mortgage Insurance Limited (WLMI) to Arch Capital Group (Arch) and enter into a 10-year exclusive supply agreement forArch...
Westpac Group selling its 10.7 percent stake in Zip Co Limited
SYDNEY: Westpac Group has announced it will be selling its 10.7% stake in Zip Co Limited by way of a fully underwritten book build to...
Westpac Group to exit Beijing, Shanghai, Hong Kong, Mumbai, and Jakarta
SYDNEY: Westpac Banking Corporation (Westpac Group) has decided to exit operations in Beijing, Shanghai, Hong Kong, Mumbai, and Jakarta, a news release said. Following a...
Westpac appoints Chris de Bruin as new Chief Executive Consumer
SYDNEY: Westpac Group has announced the appointment of Chris de Bruin as Chief Executive of its Consumer division. Mr de Bruin has more than 24...
Westpac Group sells Vendor Finance business to Angle Finance
SYDNEY: Westpac Group has entered into an agreement for the sale of its Vendor Finance business to Angle Finance, a portfolio company of Cerberus Capital...