Mr King was appointed Acting Westpac Group Chief Executive Officer in December 2019. "Australia is going … Westpac's boss has taken a more sanguine view of the expected historic RBA action on Tuesday than his ANZ rival did. Westpac today announced the appointment of Peter King as Chief Executive Officer. Mr King has been the CFO since 2014 and prior to his current role was Deputy CFO. Westpac Chairman, John McFarlane, today announced that the Westpac Board and CEO, Peter King, had agreed to amend his employment contract removing the two-year term. As the old joke goes, you get less for murder. He has worked with the Australian bank for the past 25 years. Westpac's Peter King says RBA jobs focus trumps bank profit pressure. Westpac CFO Peter King to retire in 2020 12 September 2019 Westpac Group Chief Executive Officer Mr Brian Hartzer today announced that Peter King, Chief Financial Officer, has decided to retire in 2020 after a distinguished 25-year career with Westpac. “We are focused on responding to the COVID-19 outbreak and supporting our customers and protecting our people. Westpac has formally appointed Peter King as its CEO. Senior Banking Reporter 8:08AM April 2, 2020 9 Comments Westpac has appointed bank veteran Peter King as permanent chief executive for a period of two years, and scrapped bonuses for all executives as a result of its financial crimes scandal. Das Unternehmen ist im All Ordinaries an der Australian Securities Exchange und im NZX 50 Index an der New Zealand Exchange gelistet. Westpac appoints Peter King as CEO CEO and Group Executive annual Short-Term Variable Rewards for 2020 will be cancelled. Peter King was Westpac acting CEO. “Australia is going through an extraordinary and challenging time. Peter was appointed Acting Westpac Group Chief Executive Officer in December 2019. Peter King Die Westpac Banking Corporation ist eine australische Bank mit Firmensitz in Sydney. After spending 25 years at Westpac, Peter King has just volunteered to tack another two years onto his … Mr McFarlane said the Board and Mr King have had recent discussions and Mr King confirmed he is committed to the multi-year plan to turn the company around. During this time, he has been the bank’s Chief Financial Officer (CFO), among other roles. “He has guided Westpac through the challenges of COVID-19 as well as settling the AUSTRAC matter. Peter King said it was a great honour to be appointed CEO of Westpac where he has worked for the past 25 years. 11/05: Macquarie Group's 1st Half Profit Falls 32% on Pandemic Impacts -- Update: DJ. 11/05: Australian regulator allows $25 bln reduction in banks' committed liquidity f.. RE. “In the short time Peter has been CEO, he has made a significant contribution to Westpac in a year of unprecedented change,” said chairman John McFarlane. Mr McFarlane said the Board and Mr King have had recent discussions and Mr King confirmed he is committed to the multi-year plan to turn the company around. Westpac appoints 25-year veteran Peter King to restore bank’s reputation The new boss will be eligible for an eye-watering salary despite being a senior executive during the beleaguered bank’s horrific child exploitation scandal. Peter King Biography Peter King BEc, FCA. Westpac CEO Peter King speaks to Alysse. Statement from Westpac Group Acting CEO, Peter King “Westpac welcomes the Federal Government’s economic support measures. Read full article: Westpac's Peter King says RBA jobs focus...→ #Peter King Put simply King is the best-placed person to manage the impending credit event. After accounting for all the considerations, the employment contract has been modified to a standard 12-month notice period for the CEO of Australia’s second-largest bank. Westpac Chairman Mr John McFarlane today announced the appointment of Mr Peter King as Chief Executive Officer. WESTPAC BANKING: Appendix 3Y - Peter King: PU. Firstly, it removed any chance the board would recruit from outside the bank and secondly, it rendered his extensive experience and understanding of the financials and risk as crucial. Westpac has come under scrutiny in recent weeks following the... Erstklassige Nachrichtenbilder in hoher Auflösung bei Getty Images 11/05 : Australia's mortgage market to be reshaped by near-zero rates: RE. “We are focused on responding to the COVID-19 outbreak and supporting our customers and protecting our people. COVID-19 sealed Peter King’s fate to take the permanent helm at Westpac. “We all have a role to play and we all have to put our shoulder to the wheel. Long-serving executive Peter King to take the reigns as CEO of Westpac Bank Westpac appoints new CEO on $2.4million a year to provide stability during the coronavirus crisis. Westpac Banking Corp. said acting Chief Executive Officer Peter King will take on the role permanently for the next two years as Australia’s oldest bank seeks stability amid the coronavirus crisis. Westpac reported a 66% decline in profits to $2.29 billion thanks to both the slowdown in the economy and massive fines it’s had to pay to Austrac and for royal commission remediation. “We are focused on responding to the COVID-19 outbreak and supporting our customers and protecting our people. Lending criteria apply to approval of credit products.
Report this profile; About. We use cookies to secure and tailor your web use. Mr McFarlane said, in moments of global stress and … Mr King has been the CFO since 2014 and prior to his current role was Deputy CFO. Westpac’s Peter King cautious on Pacific after AUSTRAC 11 Sep 2020 Westpac chief Peter King said the consequences of breaching anti-money laundering laws are so large that the bank can’t guarantee it will be able to continue to provide remittance services for workers in … Credit: Louie Douvis King had been serving as interim CEO since November following the resignation of Brian Hartzer after a money laundering compliance scandal that was triggered by a lawsuit from the financial intelligence agency, AUSTRAC. 11/05: Australian regulator allows $25 bln reduction in banks' committed liquidity f.. RE. King has been the acting CEO since December of last year. Peter King corporate profile, background and performance evaluation including other Westpac … Westpac Chairman, John McFarlane, today announced that the Westpac Board and CEO, Peter King, had agreed to amend his employment contract removing the two-year term. Westpac Group CEO Peter King said the bank was determined to deliver on its risk remediation activities. Westpac acting CEO Peter King during the Westpac 2019 Annual General Meeting at ICC Sydney on December 12, 2019 in Sydney, Australia. Peter King, in a recent discussion with Westpac board including Chairman John McFarlane, confirmed his commitment for a multi-year plan to turn the company around. The comments came as the bank switched Mr King’s contract to an evergreen time frame, removing the existing two-year term. Skip To Content Prior to this he was Deputy Chief Financial Officer for three years and held senior positions across the Group including in Group Finance, Business and Consumer Banking, Business and Technology Services, Treasury and Financial Markets. Peter King said it was a great honour to be appointed CEO of Westpac where he has worked for the past 25 years. Westpac’s recently appointed chief executive Peter King has warned Westpac’s turnaround will take several years, but he intends to see it through. Statement from Westpac Group Acting CEO, Peter King 22 March 2020 "Westpac welcomes the Federal Government’s economic support measures. Westpac Group Chief Executive Officer Mr Brian Hartzer today announced that Peter King, Chief Financial Officer, has decided to retire in 2020 after a distinguished 25-year career with Westpac. Peter King is Chief Executive Officer, Managing Director, Executive Director of Westpac Banking Ord.
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