Westpac is Australia’s first and oldest bank, and it is one of the four major banks in Australia as well, it was established in 1817 and then changed its name to Westpac in 1982.
Westpac operates in New Zealand and the South Pacific as well as in Australia, and it has office in Singapore and hong Kong as well. It offers full range of banking and financing services to the customer, business and corporate sectors. Its key business areas include Retail and Business Banking (RBB); BT Financial Group Australia (BTFG); Wespac Institutional Bank (WIB); New Zealand Banking.
• Retail and Business Banking (RBB) is responsible for sales, marketing and customer service for all customers, include small to medium companies and commercial customers within Australia. It is also responsible for the management of Westpac's third party retail and business distribution relationships.
• BT Financial Group Australia (BTFG) is Westpac's wealth management business in Australia. It manufactures and distributes financial products, designed to help customers accumulate, manage and protect their wealth. These products include retail investments, personal and business superannuation, life and general insurance and portfolio administration. BT Financial Group also provides financial planning advice and private banking services.
• Westpac Institutional Bank (WIB) serves the financial needs of corporate, institutional and government customers either based in, or with interests in, Australia and New Zealand through dedicated industry teams. WIB provides access to global markets across a broad range of products through its debt markets, foreign exchange and commodities businesses. WIB's equities business provides margin lending, foreign exchange and commodities businesses.
• New Zealand Banking provides a full range of retail banking, wealth management and business banking products servicing 1.4 million New Zealand based customers.
Westpac has five Non-Executive...