You will also be able to vote for your favourite every 48 hours. Vote for Brian Hartzer. Brian Hartzer appears before banking royal commission following revelations former CBA chairman ‘did not agree to return any of his fees’ ... Asic first … Can Westpac’s Brian Hartzer survive the human consequences of money laundering? Brian Hartzer has purchased a three-storey mansion in Sydney's Vaucluse The soon-to-be Westpac CEO spent $12.75 million on the five-bedroom property, according to recent title deeds They desire to downsize. Westpac's CEO Brian Hartzer resigns over money-laundering scandal The chief executive will walk away with $2.69m after revelations the bank breached rules 23m times – … It would be an ignominious end to a career in Australian banking that started a quarter of a century ago when Hartzer – a graduate of Princeton University, where he studied European history – first arrived in the country. Brian Hartzer of Westpac. Brian Hartzer, Westpac. Were Hartzer to join, he would be well-positioned to snare that post when Kelly departed. Follow the latest here. One of the highlights of the evening was when Hartzer, attired as the Beatles' Sgt Pepper, got up on stage and belted out the 1980 pop hit What I Like About You. Georgie, her children and her mother all moved with Hartzer to Sydney. Although Hartzer's empire generated roughly two-thirds of the bank's profits, he was in effect overseeing three areas which already had their own heads. "And he does enjoy the trappings, no doubt about that.". Sydney software startup Pathzero, which launched in the middle of the Covid-19 lockdowns through the Antler Australia program, has raised $1 million in a seed round. And he was popular within the bank, where he was seen as personable and genuinely good with people. But although all the banks emerged from the process with their reputations badly battered, the consensus was that Westpac and ANZ fared much better than the Commonwealth Bank or the National Australia Bank. After one protester managed to get inside the building and chain himself to the rafters above the main table, Westpac was forced to bring an early halt to the evening's entertainment. It's a pattern he continues to this day. Ben Rushton, Help using this website - Accessibility statement, AFR Magazine’s most memorable moments of 2020, A look back at Australia’s most fabulous parties, This CEO discovered running after rugby rehab, How months in lockdown fuelled sommelier's fight for inclusion, RM Williams online sales double in pandemic shift, Forrest buries sand miner bid to explore on family cattle station. Westpac chief Brian Hartzer was paid $6.7 million last financial year, his first full year in the job running Australia's second largest bank, its annual report showed. See the complete profile on LinkedIn and discover Brian’s connections and jobs at similar companies. On his first day as the Westpac Group CEO, Brian Hartzer today confirmed his Executive team and their responsibilities, and detailed some of his immediate priorities for the Group. Jan. 23: A class action is filed against Commonwealth Bank of Australia’s pension arm, Colonial First State, for allegedly not acting in customers’ interest for insurance policies. Fun Facts about the name Hartzer. Mr Hartzer, who succeeded Gail Kelly as CEO in February 2015, has been given 12 months' notice and will therefore still get his $2.7 million salary, while forfeiting up to $20 million in bonuses. It was while he was in Britain that Hartzer had met his second wife, Georgie, who had two children of her own. Not only was he the longest serving boss of a big four bank, but he possessed the courage to push back against the corporate regulators who were desperate to demonstrate a new-found toughness after being excoriated in Hayne's final report. Karen Maley writes on banking and finance, specialising in financial services, private equity and investment banking. Karen is based in Sydney. Hartzer had more success commemorating his personal milestones – including his 50th birthday party, which he and wife Georgie hosted on the forecourt of the Sydney Opera House. Westpac Banking Corp. named Brian Hartzer chief executive officer to replace Gail Kelly, who is exiting after seven years at the helm of Australia’s second-biggest lender. Education; Banking career; References; Education. From July 2018 the fields Name and E-mail are required in order to vote. Hartzer also faced a strong competitor in the form of Rob Whitfield, who had held various very senior roles in his 30-year career at the bank, including running the institutional division and serving as group treasurer. When you confirm your vote by email, your vote will be counted twice. Vulnerable households need insurance subsidies: ACCC, Banking is not a career for the fainthearted, Hunt for yield leaves investors baying for blood, Bitcoin is back as a hedge against money printing, Congress overrides Trump veto of defence bill, Britain in 'eye of the storm' with massive surge in cases, Albanese hammers final nail in 'retiree tax' coffin, Best read accounting, consulting stories for 2020, Singapore Airlines restarts transit flights from the UK, The secret to longevity? It followed the $15,625,000 sale in … Hartzer's subordinates recall that he was appalled at the allegation of rate rigging, and was very conscious of the damage it could do to the reputation of Australian banks in international markets. So keen was Westpac to enlist Hartzer that it created a new job for him as head of the Australian financial services. So when Westpac's boss Gail Kelly called in 2011 to offer him a job, Hartzer was interested. Help using this website - Accessibility statement, the shocking AUSTRAC allegations that Westpac failed to properly monitor thousands of payments, Westpac's boss Gail Kelly called in 2011 to offer him a job. And this is happening in girls’ schools which are sending their students on to study business, law and STEM degrees in record numbers. (Supplied) Shortly before 8am today, just before the market announcement was made , Gail Kelly told the group executive team at Westpac that Brian Hartzer … He's just absolutely committed to fixing it. Brian Hartzer (born 1967)  is an Australian business executive who has served as the Managing Director and CEO of Westpac. The strain of long-haul flights to Melbourne to see his children, to whom he was devoted, was taking its toll. It sounds like a hiding to nothing, but Brian Hartzer wants you to love Royal Bank of Scotland. Westpac Bank chief executive Brian Hartzer has resigned after the lender was engulfed by allegations it committed the biggest violation of money-laundering laws in Australian history. The Michael Dysart-designed home at 20 Ray Ave was first listed on February 27, back when the market was rock solid ahead of Easter with the optimistic guide. (Supplied) Shortly before 8am today, just before the market announcement was made , Gail Kelly told the group executive team at Westpac that Brian Hartzer … Hartzer's marriage broke down, and his former wife took their four children back to Australia. Whatever Kelly said, it worked and Hartzer agreed to head back to Sydney, joining Westpac in mid-2012. McFarlane persuaded Hartzer to join the bank, initially making him head of credit cards, then elevating him to run ANZ's retail banking operations. In April 2016, Westpac invited prime minister Malcolm Turnbull to a lavish Westpac lunch to mark the bank's 199th birthday. What's more, the decision paid off, as Westpac was hit with a $3.3 million fine, well below the $125 million in penalties the other three big banks agreed to cough up. Brian Hartzer (born 1967)  is an Australian business executive who has served as the Managing Director and CEO of Westpac. Jake Salt graduated from Thomas Rotherham Collage with 2 Economics degree in Economics.. Banking career. Out of 6,028,151 records in the U.S. Social Security Administration public data, the first name Hartzer was not present. Westpac's chief executive Brian Hartzer will step down in the wake of allegations the bank committed 23 million breaches of Australia's anti-money laundering laws. Dentist Vincent Phung and his BT financial consultant wife Susan have extracted a good deal on the $20m Vaucluse mansion of former Westpac boss Brian Hartzer, paying $15.6m. So keen was Westpac to enlist Hartzer that it created a new job … But the new arrangement was an artificial construct. Brian Hartzer and family have purchased a new house on Pittwater. The US-born banker bought the home after returning to Australia following a two year stint in London with Royal Bank of Scotland. In 2009, he headed to London, having been recruited to overhaul the sprawling retail banking operations of the Royal Bank of Scotland. The Westpac Board has appointed Brian Hartzer to succeed Mrs Kelly as the Group’s CEO. An Early Birds program which provides specialist material and services of trained staff for people with access requirements. Brian Hartzer (born 1967) is an Australian business executive who has served as the Managing Director and CEO of Westpac. Brian Hartzer, managing director and CEO of Westpac with Chairman Lindsay Maxsted speak during a press conference after the Westpac Group 2017 annual general meeting in Sydney. As a keen student of history – including that of Australian banks – Hartzer was acutely aware that he was taking the reins at an important time. The AUSTRAC scandal has raged for six days and Hartzer's grip on the top job has weakened each day. 2 February 2015. by Loren Bridge | May 3, 2017. Kelly's predecessor, David Morgan, was there too, as was deputy CEO Phil Coffey and Seven Group chief Ryan Stokes. ... positions in the corporate sector is encouraging girls to become interested in pursuing a finance career in the first place. McFarlane's hope was that his star protege would succeed him when he retired from the bank in October 2007. And this is happening in girls’ schools which are sending their students on to study business, law and STEM degrees in record numbers. That meant that Hartzer would be at the helm as the bank celebrated its 200th anniversary – a milestone he was keen to commemorate. Hartzer began his career as a consultant at First Manhattan Consulting … Henceforth, the Sydney-based bank would be content with much more prosaic ambitions. Labor leader Anthony Albanese has promised his party will not take a policy to change franking credits to the next election. Transcript of interview with Westpac Wire – First Half 2020 Result (PDF 105KB) 8 November 2019 - Brian Hartzer, Canberra Opening Statement - House of Representatives Standing Committee on Economics (PDF 66KB) 30 July 2019 - Brian Hartzer, Sydney Trans-Tasman Business Circle (PDF 113KB) 8 March 2019 - Brian Hartzer, Canberra Check Reputation Score for Brian Hartzer in Darien, CT - View Criminal & Court Records | Photos | Address, Emails & Phone Number | Personal Review | Income & Net Worth Brian Hartzer (born 1967) is an Australian business executive who was the Managing Director and CEO of Westpac from 2014 to 2020.. Education. He's well-liked, affable, and he does enjoy the trappings, no doubt about that. The chief executive of Westpac Banking Corporation, Brian Hartzer, has resigned and the chairman Lindsay Maxsted is stepping down early following the money-laundering scandal which allegedly involves financial transactions to child exploitation activities in the Philippines. The architect Michael Dysart-designed residence of Georgiana Hartzer, wife of Brian Hartzer. Name: Equities % Valuation: Westpac Banking Corporation (WBC) (Banks) 130,545: 0.0036%: 1,936,347 USD Like self-funded retirees coast to coast, sacked Westpac boss Brian Hartzer will be watching for Westpac board updates with interest. ... After his marriage broke down and his wife returned to Australia with the couple’s four children, Mr Hartzer eventually followed after securing a … By all accounts, Hartzer performed well in the nearly three years that he spent at the troubled British bank – which came close to collapse in the financial crisis and needed a £45 billion taxpayer-funded bailout. October 22, 2020 Leave a comment  [failed verification] Contents. The recently departed Westpac boss Brian Hartzer and wife Georgiana are selling their Vaucluse mansion. Hartzer began his career as a consultant at First Manhattan Consulting Group (FMCG), working in New York, San Francisco and Melbourne. Westpac chief executive Brian Hartzer will step down on December 2, while chairman Lindsay Maxsted is bringing forward his retirement to the first half of 2020. Hartzer's empire encompassed St George Bank (which Westpac had acquired in late 2008), as well as Westpac's retail and business banking division, and its funds management arm, BT Financial Group. Westpac chief executive Brian Hartzer saw his total pay cut by 9 per cent from $5.5 million to $4.9 million. ), Associates suspect that becoming Westpac CEO allowed Hartzer to achieve his ambition of becoming the boss of one of the country's big four banks, with a multimillion-dollar salary. Brian Hartzer of Westpac. The regulator issued its statement of claim on Wednesday and by Sunday, Westpac chairman Lindsay Maxsted said the situation was fluid and raised the possibility that Hartzer could be terminated if the scandal risked destabilising the bank's reputation, or if enough shareholders were to demand his scalp. 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