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Westpac Banking Corporation
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Westpac Banking Corporation, Australia's largest banking and financial services group, was the first bank to be established in Australia. The bank was founded in 1817 and was incorporated in 1850 as the Bank of New South Wales. In 1982, the bank merged with the Commercial Bank of Australia Limited, founded in the state of Victoria in 1866, and changed its name to Westpac Banking Corporation. Westpac's name is derived from the area which it has historically served--the western Pacific. The bank has shown tremendous growth in recent years and has become a truly international financial services group.
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Westpac Banking Corporation, usually called Westpac, is the fourth largest bank in Australasia, after the National Australia Bank, Commonwealth Bank and ANZ Bank and one of the largest banks in the South Pacific. The bank began life as the Bank of New South Wales, but after various mergers became Westpac in 1982. The name is derived from the fact its major operations are in the West[E]rn Pacific.
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Westpac Banking Corporation has affiliates and branches throughout New Zealand, Australia and pacific region. The business loan provider maintains offices within financial centres around the world. The financial franchisor firm holds global assets worth three hundred billion dollars.
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- John Uhrig AO, Westpac Banking Corporation chair since October 1992, will receive an honorary Doctor of Economics at the 6.15pm ceremony for his contribution to Australian business. He will ... deliver the address to graduates. Mr Uhrig has been chair of Rio Tinto Limited from 1987 and deputy chair of Rio Tinto PLC from January 1996. He also chairs Santos Limited and the Australian Minerals and Energy Environment Foundation. He is a foundation member of the National Companies and Securities Commission and chaired the recent Inquiry into the Industries Assistance Commission. Mr Uhrig began his career as a trainee metallurgist with BHP Co Ltd in 1945 then worked for a number of other firms before joining Simpson Holdings in 1974.
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Westpac Banking Corporation didn't become an industry leader by resting on its laurels. Staying open to innovation keeps the company ahead of the competition. Westpac was recognized in 1999 by Australia's Personal Investor Magazine as Online Bank of the Year. In January 2000 the company furthered its industry-leading position by entering the retail stock arena with the launch of its new online discount trading service, "Westpac Broking."
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Westpac Banking Corporation was founded in Sydney, Australia, in 1817 as the Bank of New South Wales and changed its name to Westpac in 1982. Westpac's objective was to deliver productivity and operational efficiency via more integrated systems and processes. Adopting an e-business approach was central to its strategy. Oracle helped Westpac to develop a consolidated global perspective of its business, which in turn enabled substantial efficiencies in work practices.
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Westpac Banking Corporation