Westpac Banking Corp 6-K, filed Sep 24, 2021
Westpac Banking Corp (WEBNF)
About this 6-K
Westpac Banking Corp filed this 6-K on September 24, 2021.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
September 24,2021
Commission FileNumber 1-10167
WESTPAC BANKING CORPORATION
(Translation of registrant’s name into English)
275 KENT STREET, SYDNEY, NEW SOUTH WALES 2000, AUSTRALIA
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.
Form 20-F x Form 40-F ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ¨
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ¨
Incorporation by Reference
The information contained in this Report on Form 6-K, excluding the information set forth in Exhibit No. 1, shall be incorporated by reference in the prospectuses relating to the Registrant’s securities contained in the Registrant’s Registration Statements on Form F-3 (File Nos. 333-228295 and 333-228294), as such prospectuses may be amended or supplemented from time to time.
Catherine McGrath appointed CEO, Westpac New Zealand
On September 24, 2021, Westpac Group announced the appointment of Catherine McGrath as Chief Executive Officer, Westpac New Zealand.
Ms McGrath recently returned to New Zealand from London where she was Head of Channels for Barclays Group, having previously held several senior leadership roles at Barclays since 2013. In this role she oversaw a division of 16,000 people, with accountability for all channels, including branches and digital. She also led the Open Banking implementation across Barclays Group and the development of their Community Banking proposition.
Before joining Barclays, Ms McGrath was an Executive with ASB Bank New Zealand from 2010 to 2012, and held senior positions across the bank including strategy, lending, deposits, customer analytics & pricing, cards, transactions and payments.
Ms McGrath also spent four years with Lloyds TSB Bank, London, where she held two senior roles, one responsible for the Transaction Banking business and as divisional Chief Risk Officer.
Between 2002 and 2005, Ms McGrath was with the Prudential Group. Her last role was to lead a new 50:50 joint venture between Prudential & Discovery Holdings (South African health insurer), successfully building and launching a new health insurance business.
Ms McGrath has a Bachelor of Law and a Bachelor of Commerce, Accounting and Business Admin, from Canterbury University, New Zealand. She was admitted to the New Zealand Bar in 1994.
Ms McGrath will commence as CEO Westpac New Zealand on November 15, 2021, subject to regulatory approvals in Australia and New Zealand. Simon Power will continue to act in the role in the interim, after which he will return to his role as General Manager, Institutional & Business Banking.
Index to Exhibits
| ExhibitNo. | Description |
|---|---|
| 1 | ASX Release – Catherine McGrath Appointed CEO, Westpac New Zealand |
Disclosure regarding forward-looking statements
The information contained in this Report on Form 6-K contains statements that constitute “forward-looking statements” within the meaning of section 21E of the U.S. Securities Exchange Act of 1934. Forward-looking statements are statements about matters that are not historical facts. Forward-looking statements appear in a number of places in this Report and include statements regarding our intent, belief or current expectations with respect to our business and operations, macro and micro economic and market conditions, results of operations and financial condition.
We use words such as ‘will’, ‘may’, ‘expect’, ‘intend’, ‘seek’, ‘would’, ‘should’, ‘could’, ‘continue’, ‘plan’, ‘estimate’, ‘anticipate’, ‘believe’, ‘probability’, ‘risk’, ‘aim’ or other similar words to identify forward-looking statements. These forward-looking statements reflect our current views with respect to future events and are subject to change, certain risks, uncertainties and assumptions which are, in many instances, beyond our control and have been made based upon management’s expectations and beliefs concerning future developments and their potential effect upon us. There can be no assurance that future developments will be in accordance with our expectations or that the effect of future developments on us will be those anticipated. Should one or more of the risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results could differ materially from the expectations described in this Report. Factors that may impact on the forward-looking statements made include, but are not limited to, those described in the section entitled ‘Risk factors’ in Westpac’s 2021 Interim Financial Results on Form 6-K filed with the U.S. Securities and Exchange Commission, as well as the ongoing impact of COVID-19. When relying on forward-looking statements to make decisions with respect to us, investors and others should carefully consider such factors and other uncertainties and events. We are under no obligation, and do not intend, to update any forward-looking statements contained in this Report, whether as a result of new information, future events or otherwise, after the date of this Report.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| WESTPAC BANKING CORPORATION | ||
|---|---|---|
| (Registrant) | ||
| Date: September 24, 2021 | By: | /s/ Yvette Adiguzel |
| Yvette Adiguzel | ||
| Tier One Attorney |
Exhibit 1
Level 18, 275 Kent Street
Sydney, NSW, 2000
ASX
Release
24 September 2021
CATHERINE MCGRATH APPOINTED CEO, WESTPAC NEW ZEALAND
Westpac Group CEO Peter King and the Westpac New Zealand Board today announced the appointment of Catherine McGrath as Chief Executive Officer, Westpac New Zealand.
Catherine recently returned to New Zealand from London where she was Head of Channels for Barclays Group, having previously held several senior leadership roles at Barclays since 2013.
Mr King said: “Catherine is an experienced and well-respected financial services leader. The Westpac New Zealand Board and I are delighted she has accepted this critical role leading the New Zealand business and as a member of the Westpac Group Executive Team.
“Catherine’s banking career started at the Bank of New Zealand. Since then, she has driven large-scale transformations at some of the world’s best-known banks, including Barclays Group and Lloyds TSB in the UK.
“Westpac New Zealand is a strong business that has been serving New Zealanders for 160 years. In our recent portfolio review of the business, we identified ways to improve service for customers, including improving our digital capabilities, an area in which Catherine has considerable management expertise.”
Pip Greenwood, Chair-elect of the Board of Westpac New Zealand, said Westpac New Zealand would benefit from Ms McGrath’s deep experience, in both the local and UK markets, and her success at leading large teams.
“Catherine joins Westpac New Zealand at a time of opportunity for our business, as we support New Zealanders through the challenges of COVID-19, and we seek to differentiate ourselves through leading customer service,” Ms Greenwood said.
Ms McGrath said it was a great privilege to be appointed to the role.
"Westpac New Zealand is a strong and trusted brand, with a clear focus on customers and community. I am excited by the opportunity ahead and the role we can play in supporting New Zealand,” said Ms McGrath.
Mr King said: “I would also like to thank Simon Power who has acted in the role while we undertook a global search. Simon took on the role at a challenging time and we are grateful for his leadership.”
Ms McGrath will commence as CEO Westpac New Zealand on 15 November 2021, subject to regulatory approvals in Australia and New Zealand. Simon Power will continue to act in the role in the interim, after which time he will return to his role as General Manager, Institutional & Business Banking.
For further information:
| David Lording | Andrew Bowden |
|---|---|
| Group Head of Media | Head of Investor Relations |
| 0419 683 411 | 0438 284 863 |
This document has been authorised for release by Tim Hartin, General Manager & Company Secretary.
Catherine McGrath biography
Ms McGrath joined the Barclays Group in London in 2013. During that time she held a number of executive roles with her most recent role being Head of Channels. In this role she oversaw a division of 16,000 people, with accountability for all channels, including branches and digital. She also led the Open Banking implementation across Barclays Group and the development of their Community Banking proposition.
Before joining Barclays, Catherine was an Executive with ASB Bank New Zealand from 2010 to 2012, and held senior positions across the bank including strategy, lending, deposits, customer analytics & pricing, cards, transactions and payments.
Catherine also spent four years with Lloyds TSB Bank, London, where she held two senior roles, one responsible for the Transaction Banking business and as divisional Chief Risk Officer.
Between 2002 and 2005, Catherine was with the Prudential Group. Her last role was to lead a new 50:50 joint venture between Prudential & Discovery Holdings (South African health insurer), successfully building and launching a new health insurance business.
Ms McGrath has a Bachelor of Law and a Bachelor of Commerce, Accounting and Business Admin, from Canterbury University, New Zealand. She was admitted to the New Zealand Bar in 1994.