市场见解

Westpac (ASX:WBC) share price in focus amid new NZ CEO

Westpac New Zealand has announced its new leader.
The post Westpac (ASX:WBC) share price in focus amid new NZ CEO appeared first on The Motley Fool Australia. –

The 西太银行 (ASX: WBC) share price is in focus this morning following the bank’s announcement that its New Zealand branch will be welcoming a new boss.

Catherine McGrath is set to take over the CEO position at Westpac New Zealand on 5 November.

The Westpac share price finished yesterday’s session trading at $25.07 after gaining 0.6% over the course of Thursday.

Let’s take a closer look at the upcoming changes for Westpac New Zealand.

Westpac New Zealand’s new CEO

The Westpac share price is on watch this morning amid word of its New Zealand business’ new boss.

From 15 November, Catherine McGrath will take on the CEO position at Westpac New Zealand.

McGrath’s most recent role was as head of channels at London-based bank, Barclays, where she oversaw 16,000 people.

She has also held executive roles at ASB Bank New Zealand and senior roles at Lloyds Bank.

Currently, Westpac’s New Zealand business is being run by interim CEO Simon Power, after former-CEO David McLean’s retirement.

Following McGrath’s appointment, Power will return to his role as general manager of institutional and business banking at Westpac New Zealand.

McGrath’s appointment is still subject to regulatory approvals.

Commentary from management

Westpac Group’s CEO, Peter King, commented on the news that might have put the bank’s share price in focus, saying:

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.

Westpac New Zealand’s chair-elect, Pip Greenwood, also commented:

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.

Westpac share price snapshot

The Westpac share price has been performing well this year.

It has gained 27% year to date. It is also 53% higher than it was this time last year.

The post Westpac (ASX:WBC) share price in focus amid new NZ CEO appeared first on The Motley Fool Australia.

Should you invest $1,000 in Westpac Banking Corp right now?

Before you consider Westpac Banking Corp, you’ll want to hear this.

Motley Fool Investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Westpac Banking Corp wasn’t one of them.

The online investing service he’s run for nearly a decade, Motley Fool Share Advisor, has provided thousands of paying members with stock picks that have doubled, tripled or even more.* And right now, Scott thinks there are 5 stocks that are better buys.

*Returns as of August 16th 2021

More reading

CBA (ASX:CBA) share price leads big four banks today despite broker’s bearish view
ASX 200 (ASX:XJO) midday update: Evergrande news boosts market, Zip’s Indian investment

Westpac (ASX:WBC) share price on watch after asset sale terminated
The Westpac (ASX:WBC) share price has fallen in the last week. Here’s why
How could a stock market correction impact ASX 200 bank shares?

Motley Fool contributor Brooke Cooper has no position in any of the stocks mentioned.

The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

随时随地,交易世界!

移动APP平台,拥有 12 个市场的 50,000 多种全球上市证券(全球市值超过 70%),直接在您的 Android 或 iOS 设备上即可操作。

与独有的交易理念和投资分析工具相结合,帮助您在我们 12 个全球市场中的几乎所有金融工具上找到可操作的见解,从而帮助您优化交易策略。

推荐给您的朋友

向您的朋友推荐Monex并赠予他们免费使用我们交易工具的机会

我们尊重您的隐私,只会向您的朋友发送一封邮件 

与您的朋友分享

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!