Westpac is an awesome Australian bank.
Westpac is made up of the following divisions:
Westpac Group's portfolio of financial services brands and businesses is focused on a common purpose - delighting our 12.2 million customers and helping them achieve their financial goals.
From ensuring our retail customers can save and invest with confidence, to servicing the financial needs of multi-national corporate, institutional and government clients, we put our customers at the centre of everything we do.
Westpac Group has 3 key customer facing divisions through which we serve around 12 million customers:
- Australian Financial Services (AFS);
- Westpac Institutional Bank; and
- Westpac New Zealand.
- Australian Financial Services (AFS)
Australian Financial Services encompasses our retail and business banking operations in Australia and includes the businesses of Westpac Retail & Business Banking, St.George Banking Group and BT Financial Group. It also encompasses Banking Products and Risk Management. AFS is responsible for more than 10.5 million customers across Australia.
Westpac Retail and Business Banking
Westpac Retail & Business Banking (Westpac RBB) is responsible for sales and service of our 5.2 million consumer, small-to-medium enterprise customers and commercial customers (typically with turnover of up to $100 million) in Australia under the ‘Westpac’ brand.
Activities are conducted through Westpac RBB’s nationwide network of 857 branches and 70 business banking centres, home finance managers and specialised consumer and business relationship managers, with the support of cash flow, financial markets and wealth specialists, customer service centres, 1,924 automatic teller machines (ATMs) and internet channels.
St.George Banking Group
St.George was founded in the southern Sydney suburbs in 1937. Over the next 50 years it built a reputation as Australia's foremost building society, before achieving full banking status in July 1992.
In December 2008, Westpac merged with St.George and the retail and business banking distribution businesses are now known as St.George Bank.
St.George Banking Group is responsible for sales and service of our 2.7 million consumer, business and corporate customers in Australia under the St.George, BankSA, Bank of Melbourne and RAMS brands. Consumer activities are conducted through a network of 417 branches, third party distributors, call centres, 661 ATMs, EFTPOS terminals and internet banking services.
Business and corporate customers (businesses with facilities typically up to $150 million) are provided with a wide range of banking and financial products and services, including specialist advice for cash flow finance, trade finance, automotive and equipment finance, property finance, transaction banking and treasury services. Sales and service activities for business and corporate customers are conducted by relationship managers via 42 business banking centres, internet and customer service centre channels.
RAMS has 55 franchisees operating through 69 owner-operated Home Loan Centres.
Other St.George Banking Group brands: BankSA, Bank of Melbourne and RAMS.
BT Financial Group
BT Financial Group (BTFG) is the wealth management arm of the Westpac Group, which, following the merger with St.George Bank Limited, also includes the wealth division of St.George.
BTFG designs, creates and distributes financial products that are designed to help its 2.6 million customers achieve their financial goals by administering, managing and protecting their assets.
Funds Management operations include:
- The manufacture and distribution of investment, superannuation and retirement products;
- Investment platforms, such as Wrap and master trusts; and
- Private banking and financial planning.
Insurance solutions cover the manufacturing and distribution of life, general, lenders mortgage and deposit bonds.
BTFG includes operations under the ‘Asgard’, ‘Advance’, ‘Licensee Select’, ‘Magnitude’, ‘BankSA’ and ‘Securitor’ brands.
Other BT Financial Group brands:
- BT Investment Management
- Asgard
- Westpac Private Banking
- St.George Private Clients
- Securitor
- Magnitude
- Advance
- Ascalon
Westpac Institutional Bank
Westpac Institutional Bank (WIB), delivers a broad range of financial services to commercial, corporate, institutional and government customers with connections to Australia and New Zealand.
WIB operates through dedicated industry relationship and specialist product teams, with expert knowledge in transactional banking, financial and debt capital markets, specialised capital, margin lending, broking and alternative investment solutions.
Customers are supported through branches and subsidiaries located in Australia, New Zealand, United States, United Kingdom and key Asian centres.
Other Westpac Institutional Bank brands:
- St.George Institutional Bank
- Westpac Pacific Banking
- Westpac Asia
- Hastings Funds Management
- Xylo
- Westpac New Zealand
Westpac New Zealand (Opens in new window) is one of New Zealand's largest banking organisations. It has, since 1861, provided a full range of banking, wealth management and insurance products to more than 1.2 million New Zealand consumer and small to medium sized business customers. Westpac New Zealand operates via an extensive network of 204 branches (including agency sites) and 515 ATMs across both the North and South islands. It has more than 543,000 registered online banking users.
New Zealand Banking provides a full range of retail and commercial, and wealth management products and services to consumer and business customers throughout New Zealand. New Zealand Banking operates under the ‘Westpac New Zealand’, ‘Westpac Life New Zealand’ and ‘BT New Zealand’ brands. Institutional customers are supported by the New Zealand Institutional Bank, the results of which appear within Westpac Institutional Bank.
Read more about this awesome bank here - http://www.westpac.com.au/