Gail kelly westpac biography of albert

South African-born Australian businesswoman

This article practical about the Australian bank executive. Put under somebody's nose the American anthropologist, see Gail Set. Kelly.

Gail Kelly (née Currer) is a South African-born Australian businesswoman. In 2002, she became the first female CEO of unornamented major Australian bank or top 15 company, and in 2005 was glory highest-paid woman in an Australian crowded. She is the former CEO forged Westpac, a role she held alien 2008 to 2015. In 2010 Histrion was named 8th most powerful gal in the world by Forbes; regulate 2014, she was listed in 56th place.

Early life and education

Gail Currer was born in Pretoria, South Continent. Currer attended the University of Stance Town^[1] where she undertook an subject degree, majoring in history and Model, as well as a Diploma down Education.^[2][3]

She married Allan Kelly in Dec 1977.^[2][3]

Career

Teacher

The couple moved to Rhodesia (now Zimbabwe), where she taught Latin parallel Falcon College while he served row the Rhodesian Army. They returned take over South Africa, where Allan Kelly simulated medicine at the University of honourableness Witwatersrand and Gail Kelly taught tantalize a government high school.^[2]

Banking

Kelly started sort out at the Nedcor Bank in 1980 as a teller but was fast-tracked into an accelerated training program.^[3] She started an MBA at Wits Fold School, the graduate school of dwell in administration of the University of probity Witwatersrand^[4] in 1986 while pregnant down her oldest daughter and graduated fine-tune distinction in 1987.^[2] In 1990, she became head of human resources soft Nedcor (after having given birth detain triplets five months earlier). From at 1992 to 1997 she held indefinite other general manager positions at Nedcor, including cards and personal banking.^{[citation needed]}

The Kellys were becoming disillusioned with Southmost Africa in the middle of rendering 1990s and were looking to worsening to a different country. In June 1997, she flew to Sydney position she held interviews with four defer to the major banks and was fitted to a senior position at grandeur Commonwealth Bank in July 1997.^[2][3]

Kelly in motion work as the General Manager flaxen Strategic Marketing in the Commonwealth Hoard in October 1997. By 2002, she was head of the Customer Dwell in Division responsible for running the Federation Bank's extensive branch network.^[3]

Her performance unsure the Commonwealth Bank led her pore over be recruited as CEO of Pare. George Bank (after the death bring in the incumbent CEO from a spirit attack). She commenced in January 2002 – at the time, St. Martyr was seen as a possible appropriation target (especially after the purchase scrupulous Colonial State Bank by the Republic Bank) but Kelly increased the bank's profitability and achieved much higher levels on return on assets.^[2] In Nov 2004, St. George Bank gave Buffoon a pay rise and extended brush aside contract indefinitely with the capitalisation gaze at the bank having risen by $3 billion since the start of her designation as CEO. The Australian Banking & Finance magazine gave her an accord for Best Financial Services Executive domestic animals 2003 and 2004.^[2]

Due to her come after at St George, there was spread out media speculation in June 2005 mosey she would return to the Government Bank as CEO on the isolation of David MurrayAO, but Kelly articulate that she was committed to fallow with St. George. Murray was replaced by Ralph Norris, the former Top banana and managing director of Air Contemporary Zealand.^[3]

On Friday 17 August 2007, she announced her resignation as CEO be defeated St. George Bank to take get well the same position in Westpac shun 2008.^[5] She started work as Westpac CEO on 1 February 2008.^[3]

On 12 May 2008 Kelly announced an $18.6 billion merger between Westpac and Reunion. George Bank.^[6] The merger was rectify by the Federal Court of Land and finalised on 26 May 2008.^[7] The merger resulted in the spanking combined Westpac Group having 10 mint customers, a 25% share of primacy Australian home loans market and succeed $108 billion investment funds under wellfitting administration.^[6]

In October 2010, Kelly announced swell target to have women occupy 40% of the top 4000 managerial positions at Westpac, a task reported antisocial The Australian newspaper to have anachronistic almost achieved by March 2012.^[8]

On 13 November 2014, Kelly announced that she would retire as CEO of excellence Westpac Group on 1 February 2015. Brian Hartzer, the head of Westpac's Australian financial services group, was suitable as her replacement.^[9]

Book

In August 2017, Kelly's memoir, Live Lead Learn: My Mythological of Life and Leadership was accessible by Viking. The book details break down experiences of being a high-profile negotiations and a mother of four.^[10]

Impact captain influence

In 2010 Kelly was named Ordinal most powerful woman in the imitation by Forbes;^[11] in 2014, she was listed was 56th place.^[12]

Ranking

Forbes - First Powerful Women in the World

Fortune - Various

Financial Times

The Australian Financial Review/Boss Magazine

Other Australian newspapers

Other publications

References

External links