Investor Presentaiton
Simplify.
Portfolio and Geographic simplification
Business sold
Zip Co Ltd.
Announced
Completion targeted
•
Oct 2020
Vendor Finance
Aug 2020
Oct 2020
Aug 2021
.
Westpac Pacific
Dec 2020
Dec 2021
•
General Insurance
Dec 2020
Westpac LMI
Mar 2021
Sep 2021
Sep 2021
.
Businesses to be sold
Westpac Life Insurance
Customers
New Westpac app - faster and simpler
Bringing 1,000 roles (including voice) back to
Australia ~50% complete
Removed over 100 consumer fees
Combined Consumer & Business Banking
leadership to
-
Simplify support
Better utilise shared assets
Improve the customer experience
Auto Finance
Superannuation, Platforms and Investments
Geographic
Closing five Asian offices - Mumbai and Jakarta complete
Offshore locations: London, New York, Singapore. Opening in Frankfurt
9
Westpac Group 2021 Interim Results Presentation & Investor Discussion Pack
Westpac GROUPView entire presentation