eFinancialCareers

• Headquarters' Location:

  Sydney, Australia

• Presence:

  Australia, New Zealand, Pacific.

• Number of Employees:

  27,000 people in Australia, New Zealand and around the world.

• Revenues:

  As at 30 September 2006, Westpac Banking Corporation had global assets of $300 billion.
  
  Westpac is ranked in the top 10 listed companies by market capitalisation on the Australian Stock Exchange Limited (ASX).
  
  For the full year to 30 September 2006, the Westpac Group's net profit after income tax was $3,071 million.

• Website:

  http://www.westpac.com.au

Company Snapshot

Westpac was not just Australia’s first bank, we were Australia’s first company, founded in 1817 as ‘the people’s bank’, for the people of a new nation. For almost 200 years, we’ve been at the heart of the Australian and New Zealand communities. Today, our operations span the full spectrum of financial services, from high street banking to some of the biggest institutional deals in the world.

Westpac's operations comprise five key areas of business, through which we serve around seven million customers.

These five business areas are:

• Business and Consumer Banking includes deposit taking, transaction accounts, credit cards and other lending. We are a major home loan provider and also meet the finance needs of small to medium-sized business customers with a turnover of around $100 million. Investment, superannuation and general and life insurance products are also sold through our branch network.
  
• BT Financial Group Australia comprises our asset accumulation, investment management and life insurance operations in Australia. Wealth Management designs, manufactures and services financial products to enable customers to build, manage and protect their wealth. These products include managed investments (mutual funds), superannuation (pensions), life insurance, income protection, discount securities broking, margin lending, client portfolio administration (Wrap) platforms and portfolio management and administration of corporate superannuation. We also provide custody and settlement services to institutional customers and fund managers.
  
• Westpac Institutional Bank (WIB) provides financial services to the corporate and institutional customer base, assisting and advising in the management of cash, funding, capital and market risk for companies and institutions in Australia and New Zealand.
  
• New Zealand Retail provides a full range of retail and commercial services to customers throughout New Zealand. It is the leading provider of banking services to small to medium business and is the banker of the New Zealand government.
  
• Pacific Banking provides a full range of deposit, loan, transaction account and international trade facilities to personal and business customers.