David Stephen - Westpac Banking Chief Risk Officer

Executive

Mr. David Stephen was appointed as Chief Risk Officer of the Company since 2018.
Age 56
Tenure 6 years
Phone61 2 9155 7713
Webhttps://www.westpac.com.au
Stephen joins Westpac Group from Royal Bank of Scotland where he was Group Chief Risk Officer since 2013. Prior to RBS, Mr Stephen held senior roles at Deutsche Bank and Credit Suisse First Boston. He also spent five years at ANZ as Group Chief Risk Officer, Head of Risk – Institutional, and General Manager Wholesale Risk.

Westpac Banking Management Efficiency

The company has Return on Asset of 0.59 % which means that on every $100 spent on assets, it made $0.59 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 7.8 %, implying that it generated $7.8 on every 100 dollars invested. Westpac Banking's management efficiency ratios could be used to measure how well Westpac Banking manages its routine affairs as well as how well it operates its assets and liabilities.
Westpac Banking has 211.8 B in debt with debt to equity (D/E) ratio of 13.44, demonstrating that the company may be unable to create cash to meet all of its financial commitments. Note however, debt could still be an excellent tool for Westpac to invest in growth at high rates of return.

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Westpac Banking Corporation provides various banking and financial services in Australia, New Zealand, the Americas, Asia, Europe, and internationally. The company was founded in 1817 and is based in Sydney, Australia. Westpac Banking operates under BanksDiversified classification in the United States and is traded on New York Stock Exchange. It employs 40143 people. Westpac Banking (WBK) is traded on New York Stock Exchange in USA and employs 40,143 people.

Management Performance

Westpac Banking Leadership Team

Elected by the shareholders, the Westpac Banking's board of directors comprises two types of representatives: Westpac Banking inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Westpac. The board's role is to monitor Westpac Banking's management team and ensure that shareholders' interests are well served. Westpac Banking's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Westpac Banking's outside directors are responsible for providing unbiased perspectives on the board's policies.
Audette Exel, Non-Executive Independent Director
Michael Hawker, Non-Executive Independent Director
Alastair Welsh, Acting Group Executive - Enterprise Services
Anthony Miller, Chief Executive - Westpac Institutional Bank
Richard Burton, Acting Chief Executive - Consumer Division
Christopher Lynch, Independent Non-Executive Director
Catherine Mcgrath, Chief Executive Officer - Westpac New Zealand
Gary Thursby, Group Executive, Strategy & Enterprise Services
Tim Hartin, Group Company Secretary
Peter King, Chief Executive Officer, Managing Director, Executive Director
Alison Deans, Non-Executive Independent Director
Guilherme Lima, Chief Executive of Business division
Curt Zuber, Acting Chief Executive Officer - Westpac Institutional Bank
Michael Rowland, Chief Financial Officer
Craig Dunn, Non-Executive Independent Director
Rebecca Lim, General Counsel, Group Executive, Compliance, Legal & Secretariat
Leslie Vance, Group Executive, Financial Crime, Compliance and Conduct
Margaret Seale, Non-Executive Independent Director
Peter Nash, Non-Executive Independent Director
John McFarlane, Non-Executive Independent Chairman of the Board
Nora Scheinkestel, Non-Executive Independent Director
Shannon Finch, Group General Counsel
Christine Parker, Group Executive - Human Resources, Corporate Affairs & Sustainability
Lyn Cobley, Group Executive - Westpac Institutional Bank (WIB)
Steven Harker, Non-Executive Independent Director
Carolyn McCann, Group Executive - Customer & Corporate Relations
Chris Bruin, Chief Executive, Consumer & Buisness Banking
Jason Yetton, Chief Executive - Specialist Businesses Strategy & Transformation
Scott Collary, Chief Operating Officer
David McLean, Chief Executive Officer - Westpac New Zealand Limited
Joanne Dawson, Group Treasurer
Simon Power, Acting Chief Executive Officer - Westpac New Zealand Limited
David Stephen, Chief Risk Officer
Nerida Caesar, Non-Executive Independent Director
Peter Marriott, Independent Non-Executive Director

Westpac Stock Performance Indicators

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Other Consideration for investing in Westpac Stock

If you are still planning to invest in Westpac Banking check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Westpac Banking's history and understand the potential risks before investing.
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