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Gail Kelly



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+Vote!

Kelly's gang ready

STEPPING into the shoes of David Morgan, Gail Kelly had to proceed cautiously, but some big moves are coming.

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Kelly laments Westpac's poor IT performance

At Westpac's annual earnings announcement today, CEO Gail Kelly picked the bank's technology operation as its most notable 'low light' in a year that saw hundreds of IT staff, including the bank's tech titans, purged and replaced with new blood.

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Westpac completes St George takeover

Other new St George board directors include Peter Hawkins, Lindsay Maxsted, Westpac's chief executive and managing director Gail Kelly, and Greg Bartlett who becomes chief executive of St George's retail and business banking units from today.

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Westpac Banking appoints key executive

Mr Arthur will take up his new role on December 1, 2008. He will report to CEO Gail Kelly and be part of the executive team. Most recently, Mr Arthur was CEO of Investa Property Group until 2007.

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Share market remains weak

... has unveiled its senior executive line-up after merging with St George Bank, with chief executive Gail Kelly appointing Greg Bartlett to lead the St George retail and business banking operations. At 12.23pm AEDT, Westpac was down 56 cents, or 3.45 per cent, at $15.69 and St George, which went ex dividend, was untraded at $22.10. Mr Sekely said Babcock & Brown calling a trading halt...

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ANZ boss pockets $13m

... ANZ posted a 20 per cent fall in net profit. His pay is more than $4 million above Westpac chief Gail Kelly and CBA boss Ralph Norris, both of whom managed to boost annual earnings at their banks last year. The big component of Mr Smith's pay, which tipped his package into eight figures, was a $5.1 million sign-on fee when he joined the ANZ from HSBC last year. Mr Smith is due to...

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St George boss resigns

... of trading today. Mr Fegan had been chief executive since February this year, after former boss Gail Kelly left to become head of Westpac. He had joined St George in 2002. Mrs Kelly wished Mr Fegan well. "I would particularly like to thank him for his strong leadership of St.George over this challenging 2008 year and for his assistance in ensuring the merger gets off to a good...

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St George boss resigns - with $2m payout

... of trading today. Mr Fegan had been chief executive since February this year, after former boss Gail Kelly left to become head of Westpac. He had joined St George in 2002. Mrs Kelly wished Mr Fegan well. "I would particularly like to thank him for his strong leadership of St.George over this challenging 2008 year and for his assistance in ensuring the merger gets off to a good...

1Vote!

Westpac outshines its rivals

WESTPAC yesterday outshone its big bank rivals by reporting a 12 per cent rise in net annual profit in a result that completed the Australian banking industry's worst reporting season since the 1992 recession.Westpac CEO Gail Kelly announces a 12 per cent rise in the bank's net annual profit. Picture: Simon BullardDespite bad and doubtful debts almost doubling from $482 million to $931...

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Westpac outshines rivals

... was the industry's first year of falling profit since 1992, reported.Westpac chief executive Gail Kelly, like the other bank CEOs, repeatedly talked down the prospect of the economy contracting for two consecutive quarters, but acknowledged there would be a further deterioration in 2009, with GDP growth still expected to hold up at 2 per cent."The next couple of years will be challenging...

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Australia's Westpac sees profit rise 12 percent

... million.

"We're particularly pleased with our revenue performance," Westpac Chief Executive Gail Kelly told a news conference.

Last week, Australia's federal treasurer approved Westpac's AU$17.3 billion takeover proposal of St. George Bank Ltd., paving the way for the formation of the country's biggest bank. The deal still requires the approval of St. George shareholders,...

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Australia's Westpac sees profit rise 12 percent

... AU$482 million."We're particularly pleased with our revenue performance," Westpac Chief Executive Gail Kelly told a news conference.Last week, Australia's federal treasurer approved Westpac's AU$17.3 billion takeover proposal of St. George Bank Ltd., paving the way for the formation of the country's biggest bank. The deal still requires the approval of St. George shareholders, but...

+Vote!

Australia's Westpac sees profit rise 12 percent

... AU$482 million."We're particularly pleased with our revenue performance," Westpac Chief Executive Gail Kelly told a news conference.Last week, Australia's federal treasurer approved Westpac's AU$17.3 billion takeover proposal of St. George Bank Ltd., paving the way for the formation of the country's biggest bank. The deal still requires the approval of St. George shareholders, but...

+Vote!

Westpac profit hits forecasts

... per cent to $3.859 billion, as revenue grew by 12.3 per cent to $11.420 billion.Chief executive Gail Kelly said the bank was well positioned for challenging times."Westpac has performed well through the global financial crisis with its proactive management of funding, conservative risk profile and healthy capital position," she said."At the same time, the implementation of our new...

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Westpac profit up 12pc

... to remain high as the fall out from the global financial crisis continued. But chief executive Gail Kelly said the bank was well positioned for challenging times. "Westpac has performed well through the global financial crisis with its proactive management of funding, conservative risk profile and healthy capital position,'' she said. "At the same time the implementation of our new...