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CEO of the Year Candidate Goes Beyond the Bottom Line

Westpac CEO Gail Kelly has driven more than financial results at Australia's oldest bank.


David Ellis: Gail Kelly, CEO of Westpac Banking Corporation (WBK), has been nominated as a finalist for Morningstar's CEO of the Year award.

Gail has had a very successful, close to seven-year tenure at Westpac as CEO, starting in the depths of [the global financial crisis] in early 2008. Her track record has been very impressive. If you look at the financial metrics, Westpac has consistently generated strong return on equity. They've got world-leading cost/income ratios. So, the productivity at Westpac is very good. Westpac also benefits from the lowest loan losses of the four major banks in Australia. So, risk management is a key priority at Westpac, and Gail has driven that very successfully over the last five or six years in particular.

David Ellis does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.