Peter King - Westpac Banking CEO
CEO
Mr. Peter Bruce King serves as Chief Risk Officer from June 2018 to September 2018. Westpacs Chief Risk Officer is responsible for key risk management activities across the enterprise. Prior to this appointment, Peter was Chief Financial Officer from April 2014 to June 2018. He has returned to this role in October 2018. Since joining Westpac in 1994, Peter has held senior finance positions across the Group, including in Group Finance, Business and Consumer Banking, Business and Technology Services, Treasury and Financial Markets. Peter commenced his career at Deloitte Touche Tohmatsu. He has a Bachelor of Economics from Sydney University and completed the Advanced Management Programme at INSEAD. He is a Fellow of the Institute of Chartered Accountants. since 2020.
| Age | 50 |
| Tenure | 4 years |
| Phone | 61 2 9155 7713 |
| Web | https://www.westpac.com.au |
Westpac Banking Management Efficiency
The company has Return on Asset of 0.59 % which means that on every $100 spent on assets, it made $0.59 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 7.8 %, implying that it generated $7.8 on every 100 dollars invested. Westpac Banking's management efficiency ratios could be used to measure how well Westpac Banking manages its routine affairs as well as how well it operates its assets and liabilities.Westpac Banking has 211.8 B in debt with debt to equity (D/E) ratio of 13.44, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Note however, debt could still be an excellent tool for Westpac to invest in growth at high rates of return.
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Management Performance
Westpac Banking Leadership Team
Elected by the shareholders, the Westpac Banking's board of directors comprises two types of representatives: Westpac Banking inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Westpac. The board's role is to monitor Westpac Banking's management team and ensure that shareholders' interests are well served. Westpac Banking's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Westpac Banking's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Audette Exel, Non-Executive Independent Director | ||
| Michael Hawker, Non-Executive Independent Director | ||
| Alastair Welsh, Acting Group Executive - Enterprise Services | ||
| Anthony Miller, Chief Executive - Westpac Institutional Bank | ||
| Richard Burton, Acting Chief Executive - Consumer Division | ||
| Christopher Lynch, Independent Non-Executive Director | ||
| Catherine Mcgrath, Chief Executive Officer - Westpac New Zealand | ||
| Gary Thursby, Group Executive, Strategy & Enterprise Services | ||
| Tim Hartin, Group Company Secretary | ||
| Peter King, Chief Executive Officer, Managing Director, Executive Director | ||
| Alison Deans, Non-Executive Independent Director | ||
| Guilherme Lima, Chief Executive of Business division | ||
| Curt Zuber, Acting Chief Executive Officer - Westpac Institutional Bank | ||
| Michael Rowland, Chief Financial Officer | ||
| Craig Dunn, Non-Executive Independent Director | ||
| Rebecca Lim, General Counsel, Group Executive, Compliance, Legal & Secretariat | ||
| Leslie Vance, Group Executive, Financial Crime, Compliance and Conduct | ||
| Margaret Seale, Non-Executive Independent Director | ||
| Peter Nash, Non-Executive Independent Director | ||
| John McFarlane, Non-Executive Independent Chairman of the Board | ||
| Nora Scheinkestel, Non-Executive Independent Director | ||
| Shannon Finch, Group General Counsel | ||
| Christine Parker, Group Executive - Human Resources, Corporate Affairs & Sustainability | ||
| Lyn Cobley, Group Executive - Westpac Institutional Bank (WIB) | ||
| Steven Harker, Non-Executive Independent Director | ||
| Carolyn McCann, Group Executive - Customer & Corporate Relations | ||
| Chris Bruin, Chief Executive, Consumer & Buisness Banking | ||
| Jason Yetton, Chief Executive - Specialist Businesses Strategy & Transformation | ||
| Scott Collary, Chief Operating Officer | ||
| David McLean, Chief Executive Officer - Westpac New Zealand Limited | ||
| Joanne Dawson, Group Treasurer | ||
| Simon Power, Acting Chief Executive Officer - Westpac New Zealand Limited | ||
| David Stephen, Chief Risk Officer | ||
| Nerida Caesar, Non-Executive Independent Director | ||
| Peter Marriott, Independent Non-Executive Director |
Westpac Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Westpac Banking a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 7.8 | |||
| Return On Asset | 0.59 | |||
| Profit Margin | 25.02 % | |||
| Operating Margin | 49.30 % | |||
| Current Valuation | 161.61 B | |||
| Shares Outstanding | 3.67 B | |||
| Shares Owned By Institutions | 0.49 % | |||
| Number Of Shares Shorted | 276.67 K | |||
| Price To Earning | 14.31 X | |||
| Price To Book | 0.72 X |
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Other Consideration for investing in Westpac Stock
If you are still planning to invest in Westpac Banking check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Westpac Banking's history and understand the potential risks before investing.
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