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John Macfarlane

February 2023

The Bellevue Hill residence Monkton has sold for more than $30 million.

Veteran investment banker scores near $30m for Bellevue Hill home

Newly appointed Westpac board member and former chairman of investment banking at Goldman Sachs Australia Tim Burroughs has sold his Sydney home for around $30 million.

December 2022

Westpac chairman John McFarlane will step down next year.

Franking changes to hit capital raisings in stress event: Westpac

Australian banks will press government to ensure proposed changes to the franking credits regime do not impact their ability to raise capital if there is a shock to the financial system, Westpac chief executive Peter King said.

December 2020

Westpac chairman John McFarlane "We must be firmer in our approach and more urgent in our actions".

Westpac wins over shareholders after scuttling bonuses

Westpac has avoided an embarrassing third consecutive rejection of its remuneration proposal with 97 per cent of votes cast in favour.

September 2020

Attorney-General Christian Porter said the government would try to legislate its preferred ideas from the working groups.

Westpac's $1.3b fine a 'wake-up call' for all banks

Christian Porter says the bank's initial offer to settle the case for $900 million reflected 'a lack of appreciation' for the seriousness of 'some of the greatest failings of a corporate entity in Australia's history'.

Pat Regan was as at home on the soccer pitch as he was in the rough and tumble of the insurance sector.

Pat Regan's run ended with brutal own goal

Pat Regan was as at home on the soccer pitch as he was in the rough and tumble of the insurance sector, where he won praise for straightening QBE out.

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July 2020

Westpac Chairman John McFarlane has been working from home in Melbourne since the latest lockdown.

McFarlane warns red tape could choke off recovery

Westpac's new chairman, John McFarlane, is wary that regulations are making it 'genuinely difficult for banks to lend now'.

Westpac appoints KPMG partner as new CFO

The big four bank has appointed senior partner Michael Rowland to the position as it prioritises stability over growth.

June 2020

The tone set at the top of our banks has been shown to have been too focused on profits.

Boards not blameless on expectation gap

Boards are dealing with an unprecedented level of community expectation, scrutiny and regulation. But in part, this is because of their own performance.

May 2020

Westpac CEO Peter King (left) and his predecessor Brian Hartzer have taken divergent strategies on exiting wealth management.

How Westpac threw a spanner in the wealth-exit works

The big banks are learning that getting out of wealth management is a lot harder than it was getting in, and the WEXIT web remains as tangled as ever.

April 2020

Westpac has named Peter King CEO.

Westpac appoints Peter King CEO on $2.4m salary

Westpac chairman John McFarlane appoints Peter King CEO on a base salary of $2.4 million and the prospect of bonuses worth another $6.8 million.

January 2020

Westpac's incoming chairman John McFarlane.

Why McFarlane will look outside Westpac for new CEO

John McFarlane's focus will be picking a new CEO for Westpac. His last two chairmanships suggest he'll look outside the bank.

Original URL: https://www.afr.com/person/john-thomas-macfarlane-3s9