Where is Gail Kelly now?
Where is Gail Kelly now?
Kelly was the first female CEO of a big four bank in Australia, leading Westpac from 2008 to 2015 and published her book on leadership in 2017. She is currently also on the board of Woolworths Holdings Limited in South Africa and locally, the Australian Philanthropic Services.
Who is the owner of Westpac Bank?
Westpac
| Headquarters at Westpac Place, Sydney | |
|---|---|
| Key people | Peter King (CEO) Gary Thursby (Acting CFO) |
| Products | Finance and insurance, consumer banking, corporate banking, investment banking, investment management, global wealth management, private equity, mortgages, credit cards |
| Revenue | A$20.65 billion (2019) |
When did Gail Kelly become CEO of Westpac?
1 February 2008
She started work as Westpac CEO on 1 February 2008. On 12 May 2008 Kelly announced an $18.6 billion merger between Westpac and St. George Bank.
Does Commonwealth Bank own Westpac?
Founded in 1911 by the Australian Government and fully privatised in 1996, the Commonwealth Bank is one of the “big four” Australian banks, with the National Australia Bank (NAB), ANZ and Westpac. The bank was listed on the Australian Stock Exchange in 1991….Commonwealth Bank.
| 1 Darling Park Headquarters, Sydney | |
|---|---|
| Website | commbank.com.au |
What type of leader is Gail Kelly?
The first woman CEO of an Australian ‘big four’ bank, Gail Kelly is renowned for innovative leadership. At Westpac, and before that St George, Kelly oversaw both cultural change and increased profitability.
Does ASIC have a case against WestPac under the Corporations Act?
However he decided that ASIC has not made out its case against Westpac under sections 1041A and 1041B of the Corporations Act concerning market manipulation or market rigging or in respect of any of its other claims involving misleading or deceptive conduct and misrepresentation.
Did Westpac contravene its licence obligations?
He also decided that by reason of inadequate procedures and training Westpac had contravened its Australian Financial Services Licence obligations in sections 912A (1) (a), (c), (ca) and (f) of the Corporations Act.
What is the investigation into Westpac’s capital raising about?
The investigation by the Australian Securities and Investments Commission will extend to Westpac’s continuous disclosure obligations under the Corporations Act for its capital raising undertaken two weeks before AUSTRAC publicly announced its pursuit of the bank.
How many customers does Westpac have in Australia?
As of March 2018, Westpac has 14 million customers, and employs almost 40,000 people. Established in Sydney in 1817, the Bank of New South Wales (BNSW) was the first bank in Australia. Edward Smith Hall was its first cashier and secretary.
