Philip Coffey - Westpac Banking Deputy CEO

WEBNF Stock  USD 16.55  0.53  3.31%   

CEO

Mr. Philip Matthew Coffey is Deputy Chief Executive Officer of Westpac Banking Corporationration Since April 2014 with responsibility for relationships with key stakeholders, including industry groups, regulators, customers and government. He is also responsible for the Groups strategy, mergers and acquisitions function. Prior to this appointment, Philip held the role of Chief Financial Officer from December 2005. Previous to this, he was Group Executive, Westpac Institutional Bank, having been appointed to that position in 2002. He first joined Westpac in 1996 as Head of Foreign Exchange. Philip was appointed as a Director of Hastings Management Pty Limited in July 2016. In April 2014, he was appointed the inaugural Chairman of Westpac Bicentennial Foundation, a 100 million scholarship fund with an exclusive focus on Australian education and leadership. Philip has extensive experience in financial markets, funds management and finance. He began his career at the Reserve Bank of Australia before moving to Citicorp and AIDC Limited. He has also held roles in the United Kingdom and New Zealand. Philip has an honours degree in Economics from the University of Adelaide and has completed the Stanford University Executive Program. since 2014.
Age 56
Tenure 10 years
Phone61 2 9155 7713
Webhttps://www.westpac.com.au
Coffey was Westpac Group’s Chief Financial Officer since December 2005 with responsibility for Westpac’s finance, assurance, tax, treasury, strategy and mergers and acquisitions, and investor relations functions. He was previously Group Executive, Westpac Institutional Bank, having been appointed to that position in 2002. Mr Coffey first joined Westpac in 1996 as Head of Foreign Exchange. He has extensive experience in financial markets, funds management and finance. He began his career at the Reserve Bank of Australia before moving to Citicorp and AIDC Limited. He has also held roles in the United Kingdom and New Zealand. Mr Coffey has an honours degree in Economics from the University of Adelaide and has completed the Executive Programme at Stanford University Business School.

Westpac Banking Management Efficiency

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.
The company has accumulated 146.87 B in total debt. Debt can assist Westpac Banking until it has trouble settling it off, either with new capital or with free cash flow. So, Westpac Banking's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Westpac Banking sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Westpac to invest in growth at high rates of return. When we think about Westpac Banking's use of debt, we should always consider it together with cash and equity.
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 OTC Exchange. It employs 34637 people. Westpac Banking [WEBNF] is a Pink Sheet which is traded between independent brokers as part of over-the-counter (OTC) trading.

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.
Ewen Crouch, Non-Executive Independent Director
John Arthur, COO, Senior Company Secretary
Alastair Welsh, Acting Chief Executive Business
George Frazis, CEO - St.George Banking Group
BCom BCom, Chief Buses
LLB BCom, Chief Limited
Scott BA, Chief Technology
Gary Thursby, Chief Strategy Officer
Tim Hartin, Group Company Secretary
Peter King, CFO
Elizabeth Bryan, Non-Executive Independent Director
Alison Deans, Non-Executive Independent Director
Guilherme Lima, Chief Executive of Business division
Robert Elstone, Non-Executive Independent Director
Craig Dunn, Non-Executive Independent Director
Rebecca Lim, Company Secretary
BEc FCA, MD CEO
Anita Fung, Non-Executive Independent Director
Craig Bright, CIO
Alexandra Holcomb, Chief Risk Officer
Andrew Bowden, Head - Investor Relations
Margaret Seale, Non-Executive Independent Director
Philip Coffey, Deputy CEO
Peter Nash, Non-Executive Director
Mei Yuen, Director
Carolyn BA, Group Services
LLB BA, Chief Bank
Christine Parker, Group Executive - Human Resources & Corporate Affairs
Lyn Cobley, Group Executive - Westpac Institutional Bank (WIB)
Steven Harker, Non-Executive Independent Director
Ryan CFA, Chief Officer
Carolyn McCann, Group Executive - Customer & Corporate Relations
Brian Hartzer, CEO - Australian Financial Services
David Lees, Acting CFO
Peter Hawkins, Non-Executive Independent Director
Lindsay Maxsted, Non-Executive Independent Chairman of the Board
David Curran, CIO
David McLean, Acting CEO of Westpac New Zealand Limited
David Stephen, Chief Risk Officer
Nerida Caesar, Non-Executive Independent Director
Brad Cooper, CEO of BT Financial Group
Peter Marriott, Independent Non-Executive Director
David Lindberg, Chief Executive - Commercial & Business Bank

Westpac Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right pink sheet is not an easy task. Is Westpac Banking a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Westpac Banking. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.

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When running Westpac Banking's price analysis, check to measure Westpac Banking's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Westpac Banking is operating at the current time. Most of Westpac Banking's value examination focuses on studying past and present price action to predict the probability of Westpac Banking's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Westpac Banking's price. Additionally, you may evaluate how the addition of Westpac Banking to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Westpac Banking's value and its price as these two are different measures arrived at by different means. Investors typically determine if Westpac Banking is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Westpac Banking's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.