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.
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.
Looking at the financial metrics, there's a whole range that supports Gail's nomination as CEO of the Year. But more importantly--or as importantly--there is a range of nonfinancial metrics [on which] Westpac shines, and Gail has been a major driver of those over her nearly six to seven years as CEO.
Westpac currently has the highest customer-satisfaction rating of the four major banks in Australia. Gail has proactively driven the need to have as many female senior executives appointed as possible.
Westpac is recognized as one of the most sustainable banks or corporations in the world. So, along with the hard financial metrics, which are very impressive and demonstrate her clear leadership capabilities particularly of allocating capital with very strong return on equity, we feel that Gail has consistently demonstrated a broad range of characteristics that really do ensure that she deserves the award of CEO of the Year.
Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
We’d like to share more about how we work and what drives our day-to-day business.
We sell different types of products and services to both investment professionals
and individual investors. These products and services are usually sold through
license agreements or subscriptions. Our investment management business generates
asset-based fees, which are calculated as a percentage of assets under management.
We also sell both admissions and sponsorship packages for our investment conferences
and advertising on our websites and newsletters.
How we use your information depends on the product and service that you use and your relationship with us. We may use it to:
To learn more about how we handle and protect your data, visit our privacy center.
Maintaining independence and editorial freedom is essential to our mission of empowering investor success. We provide a platform for our authors to report on investments fairly, accurately, and from the investor’s point of view. We also respect individual opinions––they represent the unvarnished thinking of our people and exacting analysis of our research processes. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive.
To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research.
Read our editorial policy to learn more about our process.