Westpac Banking Corporation - Premium Company Report Australia

30-09-2012, 30 pages

Westpac Banking Corporation is a Public Company that is ranked number 7 out of the top 2000 companies in Australia. The company generates the majority of its income from the National and Regional Commercial Banks in Australia industry.

In 2012 the company generated total revenue of $42,354,000,000 including sales and other revenue. In 2012 Westpac Banking Corporation had 33418 employees in Australia including employees from all subsidiaries under the company's control.

The Chief Executive of Westpac Banking Corporation is Mrs Gail Kelly whose official title is Managing Director & Chief Executive Officer. The Chairman of Westpac Banking Corporation is Mr Lindsay Maxsted whose official title is Non-Executive Chairman.

The Westpac Group divides its operations into the following five primary operating divisions:

Westpac Retail and Business Banking:

Westpac Retail and Business Banking provides full-service banking products and services to consumer, small and medium enterprise and commercial customers in Australia under the Westpac and RAMS brands. Westpac operates over 850 branches, 60 RAMS franchise outlets, over 1,900 ATMs, call centres, as well as internet banking services. In addition, business customers are also serviced through 71 business banking centres and separate internet and telephone channels. Westpac Retail and Business Banking also handles Westpac's third party retail, broker and other distribution relationships.

Westpac Institutional Bank (WIB):

Westpac Institutional Bank services the financial needs of corporations, institutions, and government customers operating in Australia and New Zealand. The segment provides specialized service and advice in the areas of debt/equity underwriting, financial structuring, foreign exchange markets, trade finance, international payments, international cash management, project finance, property, and mergers and acquisitions. WIB customers are serviced through branches in Australia, New Zealand, London and Asia.

Westpac Institutional Bank brands include: St.George Institutional Bank, Westpac Pacific Banking, Westpac Asia, Hastings Funds Management and Xylo.

Westpac New Zealand:

Westpac New Zealand offers a range of retail banking services, commercial banking products and wealth management services to consumer and business customers. Westpac operates over 200 branches and 500 ATMs. Other Westpac brands include insurance providers Westpac Life New Zealand and BT New Zealand, as well as institutional bankers New Zealand Institutional Bank.

St George Bank:

St George Bank is responsible for private, business and corporate customers under the St George and BankSA brands. St George operates a network of over 420 St George and BankSA branches, 45 business banking centres, 988 ATMs, call centres, internet banking and third party distribution channels. St George's services include for Cash Flow Finance, Trade Finance, Automotive and Equipment Finance, Property Finance, Transaction Banking and Treasury Services.

BT Financial Group:

BT Financial Group is Westpac's wealth management division and also includes St George Bank's wealth management division. BT Financial's operations include investment and superannuation products, private banking, financial planning services as well as life, general, lenders mortgage and bonds insurance.

BT Financial's brands include: Advance Asset Management, Asgard, BT, BT Investment Management, Licensee Select, Magnitude, Securitor, and the wealth operations of BankSA, St.George and Westpac.

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