Westpac has hired Guilherme Lima as chief executive of its new restructured Business division, to start later this year. He has been given a 12-month notice period and will be paid A$2.68m (£1.4m; $1.82m) salary during that time. Experience 27 Ratings. Awesome team and co-workers. But complex bonuses and incentive payments take CEO salaries – including Mr Hartzer’s – into the stratosphere. Ben Butler. November 26, 2019. View All num of num Close (Esc) Westpac Group. King, who was appointed as acting CEO of Westpac in December 2019, has 25 years of experience at the bank. Westpac chairman Lindsay Maxsted will bring forward his retirement to the first half of 2020. Journalists with media enquiries can contact a member of the media relations team: Phone: +61 2 8219 8512 Email: [email protected] If you have a media enquiry for Westpac economists, please contact: Mr King’s contract terms, including a base salary of $2.4m and the potential to earn an additional $2.4m in short-term bonuses, remain unchanged, except for the removal of the two-year term. A free inside look at company reviews and salaries posted anonymously by employees. A very kind and forward-thinking group. Mr Hartzer was given 12 months' notice and will still get his $2.7 million salary, but forfeits up to $20 million in bonuses. 55 % Neutral. The average salary for Westpac Banking Corp employees in Australia is AU$90,795 per year. Cons. Westpac chief Brian Hartzer was paid $6.7 million last financial year - less than its predecessor Gail Kelly, but still about 80 times as much as the average Australian worker. Mrs Kelly, CEO since February 2008, earned a total salary package of $9.17 million for the 2013 year, down from $9.6m last year, Westpac's annual report revealed today. More than half of the FMA's 241 staff now earn over $100k. (This is based on the year to September 2018). Approves of CEO. A free inside look at company reviews and salaries posted anonymously by employees. 1.4k Salaries. We think total compensation is more important but we note that the CEO salary is lower, at AU$2.7m. Westpac has permanently appointed Peter King as chief executive on a $2.4 million salary with incentives. Westpac CEO resigns amid scandal . Westpac appoints new CEO on $2.4million a year to provide stability during the coronavirus crisis. Salaries; Interviews; Search. You're doing just fine on your own. Visit PayScale to research Westpac Banking Corp salaries, bonuses, reviews, benefits, and more! westpac The highest paid banking executive last financial year was Westpac’s Brian Hartzer. Westpac New Zealand provides online banking, everyday transaction accounts, home loans & mortgages, credit cards, foreign exchange, insurance, savings and investment solutions to … Great benefits Great team Health insurance. 483 Jobs. Advice to Management. 1.2k Reviews. Overview Overview. 4.1 ★ ★ ★ ★ ★ (72 Reviews) Diversity & Inclusion FAQs. I can't think of any. 1,155 Westpac Group reviews. 2019-11-26 03:51:15. 30 % Negative. By Alex Druce. management change. Experience. Mr King had been chief financial officer prior to being chosen as acting chief executive in November, when former boss Brian Hartzer stepped aside amid the bank's money laundering and child exploitation scandal. Positive. Westpac CEO Brian Hartzer Image by AAP/LUKAS COCH. Westpac CEO Hartzer Resigns Amid Money-Laundering Scandal By . Approves of CEO. Pros. 18 Dec, 2020 04:00 PM 6 minutes to read. Westpac chairman John McFarlane says Kings appointment will provide the necessary management sta Contact media relations. Long-serving executive Peter King to take the reigns as CEO of Westpac Bank Gail Kelly (née: Currer) (born 25 April 1956) is a South African-born Australian businesswoman. Long-term Westpac (ASX: WBC) executive Peter King (pictured) has been appointed CEO today for a period of two years. Mon … Hartzer will be given 12 months' notice and paid out A$2.7 million in salary, but will forfeit all bonuses. Lima joined Westpac from HSBC where he was group head of wealth management and was previously group head of strategy in London and a partner at consulting firm McKinsey & Co. Westpac New Zealand 2020-09-28 01:05 PDT. CEO, chairman out at scandal-hit Westpac. Business Insider: FMA's growing army, Simon Power tipped as possible next Westpac CEO. FILE PHOTO: Australia's Westpac Banking Corp's Chief Executive Officer (CEO) Brian Hartzer speaks during a media conference in Sydney, Australia, November 6, 2017. View All num of num Close (Esc) Westpac New Zealand Interviews. November 25, 2019, 4:06 PM EST Updated on November 26, 2019, 12:37 AM EST 4:35. Emily Cadman. According to our data, Westpac Banking Corporation has a market capitalization of AU$98b, and pays its CEO total annual compensation worth AU$6.6m. I worked at Westpac New Zealand full-time (Less than a year) Pros. See All 127 Reviews. See All 1,359 Reviews. Published: November 26, 2019 11:47 Bloomberg. The bank’s CEO, Brian Hartzer, was given 12 months’ notice and will still get his $2.7 million Australian dollar salary ($1.83 million). Cons . Finance Finance News Westpac CEO challenged over $5.5 million salary and incentives 10:00pm, Oct 11, 2018 Updated: 10:21pm, Oct 11 Westpac CEO Brian Hartzer was … Diversity & Inclusion at Westpac Group. Chief executives at New Zealand's biggest companies got a pay rise of 3.3 per cent last year - the lowest increase since 2011. At the time of writing, our data says that Westpac Banking Corporation has a market cap of AU$101b, and reported total annual CEO compensation of AU$6.6m for the year to September 2018. I have been working at Westpac Group full-time for less than a year. Westpac CEO Brian Hartzer has resigned over money-laundering scandal which has rocked the bank. Westpac has cut bonuses for all of its tellers so they can focus on good service - but the bank's CEO will still get more than $1million added to his massive salary. She is the former chief executive officer (CEO) of Westpac, stepping down from the role on 1 February 2015.She was replaced by Brian Hartzer, previously Westpac's financial services chief executive. Photograph: Lukas Coch/AAP. 1,155 Westpac Group reviews. 282 … Is this your company? Bad air conditioning No parking Too much diversity. The bank allegedly failed to report more than A$11 billion in payments. Corp salaries, bonuses, reviews, benefits, and more Banking Corp in. 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