Westpac confirms BT Wrap migration as priority

Westpac has nominated the acceleration of advice remediation and the migration of BT Wrap customers to Panorama as being amongst its priorities for the current financial year.

In a first quarter update released to the Australian Securities Exchange today, the big banking group also noted the ending of its relationship agreement with IOOF as being amongst the strategic priorities it delivered together with the sale of its NZ Wealth advisory business.

Commenting with the update, Westpac Group chief executive, Peter King said it had been a good quarter or the company with hither earnings, a stronger economy and “solid progress on our fix, simplify and perform strategic priorities”.

The update revealed a first quarter unaudited statutory net profit of $1.70 billion and improved cash earnings of $1.97 billion.

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