Awards for Excellence 2008: Australia

In February, Westpac gained a new chief executive, the much-admired Gail Kelly, who had transformed St George Bank from a second-tier bank to a powerful and genuine alternative to Australia’s big four. She wasted little time in embarking on a transformational strategy, confirming in May that her new bank was in talks with her old one to merge and create Australia’s biggest financial services group.

Asian regional Awards for Excellence
Australia China Hong Kong
India Indonesia Japan
Korea Malaysia Mongolia
Pakistan Philippines Singapore
Taiwan Thailand Vietnam

Best bank: Westpac

Best equity and M&A house: UBS

Best debt house: HSBC

In February, Westpac gained a new chief executive, the much-admired Gail Kelly, who had transformed St George Bank from a second-tier bank to a powerful and genuine alternative to Australia’s big four. She wasted little time in embarking on a transformational strategy, confirming in May that her new bank was in talks with her old one to merge and create Australia’s biggest financial services group.

Whether or not that deal goes through Westpac is on a propitious path.

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