Commonwealth Bank of Australia

Commonwealth Bank of Australia

Commonwealth Bank of Australia

Overview
Date Founded

1991

Headquarters

201 Sussex Street, Ground Floor, Tower 1, Sydney, NSW, 2000, AUS

Type of Company

Public

Employees (Worldwide)

48.2K

Industries

Retail & Commercial Banking
Holding Companies
Accounting & Financial Services

Company Description

Commonwealth Bank of Australia engages in the provision of banking and financial services. It operates through the following segments: Retail Banking Services; Business and Private Banking; Institutional Banking and Markets; Wealth Management; New Zealand; Bankwest; and International Financial Services and Other. The Retail Banking Services segment provides home loan, consumer finance, and retail deposit products and servicing to all retail bank customers and non-relationship managed small business customers. The Business and Private Banking segment offers specialized banking services to relationship managed business and Agribusiness customers, private banking to high net worth individuals, and margin lending and trading through CommSec. The Institutional Banking and Markets segment serves the firm's major corporate, institutional, and government clients using a relationship management model based on industry expertise and insights. The Wealth Management segment includes the global asset management, platform administration, and financial advice and life and general insurance businesses of the Australian operations. The New Zealand segment comprises of banking, funds management, and insurance businesses operating in New Zealand. The Bankwest segment covers the lending diversified between the business, rural, housing, and personal markets, including a full range of deposit products. The International Financial Services and Other segment incorporates the Asian retail and business banking operations; associate investments in Chinese and Vietnamese; the life insurance operations in Indonesia; and a financial services technology business in South Africa. This segment also includes corporate center which includes support functions such as investor relations, group marketing and strategy, group governance, and group treasury. The company was founded in 1911 and is headquartered in Sydney, Australia.

Contact Data
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Executives & Employees

Chief Executive Officer & Managing Director

Deputy Chief Executive Officer

Chief Financial Officer

Group General Counsel

Executive General Manager, Global Markets

Chief Risk Officer

Group Executive, Enterprise Services & Chief Information Officer

Chief Innovation Officer

Chief Executive & Managing Director ASB

Group Executive-Institutional Banking & Markets

Board of Directors

Chancellor at University of Technology, Sydney

Former Chief Executive Officer, Asia Pacific at Citigroup, Inc.

Senior Fellow Vice President, Intel Product Assurance & Security at Intel Corp.

Chief Executive Officer & Managing Director at Commonwealth Bank of Australia

Former Director-Corporate & Institutional Banking at Westpac Institutional Bank

Former Chief Executive Officer, Executive Director & MD at BlueScope Steel Limited

Former Senior Managing Director-Technology at Accenture Ltd.

Former Partner at Ernst & Young (Australia)

Partner, Intellectual Property at Ashurst LLP

Former Head-Risk Management at Westpac Banking Corp.

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Commonwealth Bank of Australia
Owners & Shareholders
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BlackRock IM-Australia employs a disciplined process and analytical tools to construct portfolios from a variety of investment products across asset classes, market-caps, styles and geographies. Their enhanced-passive investment style is based mainly on an indexed approach and permits a large number of small, active stock positions in the portfolio, seeking to add value above the benchmark. They score stocks based on current information, aiming to derive an indication of future share price movement. Portfolios are designed to be neutral in terms of investment style with no unintended bias to value or growth factors. The firm utilizes a range of strategies tailored to client requirements, including an enhanced-passive strategy in the emerging markets asset class, managed by BlackRock's quantitative team based in Princeton. They manage fixed-income portfolios with exposure to global bonds as well as bond portfolios denominated in various currencies. Their equity portfolios, in addition to the standard US, international and emerging market offerings, also include equity portfolios with strategies specific to the UK, Europe, Japan and Australia. Market risk management is central to BlackRock IM-Australia's investment management process. They partner with the BlackRock Solutions team to ensure standardized metrics for consistently assessing and managing risk in line with their clients' objectives.

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FSIAIM manages funds across a diverse range of domestic and global asset classes, including Australian and global equities (such as global listed infrastructure and property securities), cash, fixed interest and credit. The firm's key strategies are global listed infrastructure and global property securities. For global listed infrastructure, their investment process utilizes an active, bottom-up security selection process that aims to exploit market inefficiencies. They target undervalued securities where the market underestimates the level and quality of sustainable free cash flows. The firm looks for companies with robust business models and strong management execution. For global property securities, the investment process is primarily focused on bottom-up stock research. FSIAIM focuses on undervalued real estate securities with sound qualitative attributes and sustainable earnings growth. Securities are then ranked within each region according to valuation and qualitative measures. The investment team of regional specialists undertakes rigorous research process and proprietary valuation techniques identifying mispriced opportunities in a risk-adjusted framework in order to achieve outperformance objectives. Focused research effort in real estate markets that are under-researched provides further opportunities to add value to portfolios. A great deal of emphasis is placed on meetings with individual companies in order to help identify undervalued securities.

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AFIC-IM is an active manager which focuses on investing in Australian companies with unique high quality assets, brands and/or business footprints that can withstand the business cycles. They also look for management and Board strength and for sound, disciplined financial metrics covering returns on investment, profit margins, cash flow and gearing. Their portfolio is diversified and contains a large selection of Australia's major companies across a range of companies and industries. AFIC-IM is a medium to long term investor and their investment performance is focused over a corresponding period of five to ten years.

Recent Transactions
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Commonwealth Bank of Australia, FINERGE - Gestão de Projectos Energéticos SA purchase Martifer Renovables ETVE SA from Martifer SGPS

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Commonwealth Bank of Australia, FINERGE - Gestão de Projectos Energéticos SA purchase Brookfield Renewable Partners LP /PT Wind Farms (2) from Brookfield Renewable Partners LP

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Countplus Ltd. purchases Count Financial Ltd. from Commonwealth Bank of Australia

Transaction Clients
Investment Advisor

Advised on Prime Infrastructure Group purchases Cross-Sound Cable Co. LLC from Hydro-Québec

Lender

Advised on The Riverside Company purchases Global Orthopaedic Technology Pty Ltd

Transaction Advisors
Accountant

Advised onGreat Energy Alliance Corp. Pty Ltd. purchases Loy Yang Power Management Pty Ltd.

Legal Advisor

Advised on purchases Commonwealth Bank of Australia /Wealth & Mortgage Business from Commonwealth Bank of Australia

Legal Advisor

Advised onCommonwealth Bank of Australia purchases HBOS Plc /Bank of Western AU & St Andrews AU Ops from HBOS Plc

Legal Advisor

Advised onPrime Infrastructure Group purchases Cross-Sound Cable Co. LLC from Hydro-Québec

Co-Chair of Global Project Finance Practice

Advised onPrime Infrastructure Group purchases Cross-Sound Cable Co. LLC from Hydro-Québec

Associate

Advised onPrime Infrastructure Group purchases Cross-Sound Cable Co. LLC from Hydro-Québec

Advisors & Consultants
Advisor

Chancellor at University of Wollongong

Advisor

Chief Executive-Funds Management at Challenger Diversified Property Group

Consultant

Partner at Valor Equity Partners

Clients

DBS Group Holdings Ltd. is an investment company, which engages in the provision of retail, small and medium-sized enterprise, corporate, and investment banking services. It operates through the following business segments: Consumer Banking/Wealth Management, Institutional Banking, Treasury Markets, and Others. The Consumer Banking/Wealth Management segment provides services including current and savings accounts, fixed deposits, loans and home finance, cards, payments, investment, and insurance products. The Institutional Banking segment offers financial services and products to institutional clients. The Treasury Markets segment deals with structuring, market-making, and trading across a broad range of treasury products. The Others segment covers activities from corporate decisions and income; and expenses not attributed to the business segments described. The company was founded in 1968 and is headquartered in Singapore.

AIA Group Limited and its subsidiaries (collectively “AIA” or “the Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has operations in 16 markets in Asia Pacific – wholly owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 92 per cent subsidiary in Sri Lanka and a 26 per cent joint-venture in India. It had total assets of US$119,494 million as of 31 May 2012.

PT Panin Financial Tbk engages in the business of reinsurance and general insurance solutions. It offers life insurance and other related products as well as financing and securities. The company was founded on July 19, 1974 and is headquartered in Jakarta, Indonesia.

Key Stats and Financials As of 2019
Market Capitalization
$106B
Total Enterprise Value
$370B
Earnings Per Share
$4.86
Revenue
$41.2B
Total Equity
$69.6B
Total Debt
$229B
Net Profit
$8.57B
Debt TEV
0.62x
TEVNet Income
43.15x
Enterprise Value Sales
8.99x
Three Year Compounded Annual Growth Rate Of Revenue
-2.49%
Five Year Compounded Annual Growth Rate Of Revenue
-0.95%
Investments
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Klarna Holding AB provides electronic commerce payment solutions. Its checkout service allows consumers to make online purchases using electronic mail address and postcode. The firm's software also allows clients to have a product delivery before paying for it. The company was founded by Sebastian Marcin Siemiatkowski, Gustav Erik Niklas Adalberth, and Karl Anders Victor Jacobsson in 2005 and is headquartered in Stockholm, Sweden.

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Forth Health Ltd. owns stake in hotel project. It is headquartered in London, the United Kingdom.

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Capital Hospitals Ltd. develops, maintains and finances hospitals. It operates as a special purpose vehicle contracted to design, construct, and partially to operate hospitals at the Royal London and St. Bartholomew sites. The firm also offers facilities support activities. The company is headquartered in Swanley, the United Kingdom.

Investors
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Life Peer at United Kingdom House of Lords

Suppliers
OneSpan, Inc. IT Consulting & Services | Oakbrook Terrace, IL

VASCO is a world leader in strong authentication and e-signature solutions, specializing in online accounts, identities and transactions. As a global software company, VASCO serves a customer base of approximately 10,000 companies in over 100 countries, including more than 1,700 international financial institutions. In addition to the financial sector, VASCO's technologies secure sensitive information and transactions for the enterprise security, e-commerce and e-government industries.

Commonwealth Property Office Fund Trusts & Funds | Sydney, Australia

Commonwealth Property Office Fund is an office sector specific Australian real estate investment trust. It owns and manages portfolio of office properties; and invests in prime quality office buildings located in the central business district and major suburban markets in Australia. The company is managed by Colonial First State Property Ltd. Commonwealth Property Office Fund was founded on April 29, 1999 and is headquartered in Sydney, Australia.

Challenger Diversified Property Group Real Estate Investment Trusts | Sydney, Australia

Challenger Diversified Property Group invests in office, retail and industrial properties. It provides investors with an exposure to a geographically diverse portfolio of high quality assets in the office, retail and industrial property sectors. The firm is constituted by two trusts: Challenger Diversified Property Trust 1 and Challenger Diversified Property Trust 2. The Challenger Diversified Property Trust 1 holds passive property assets. The Challenger Diversified Property Trust 2 holds active property transactions. The company was founded on September 12, 2006 and is headquartered in Sydney, Australia.

Competitors
Australia and New Zealand Banking Group Limited Retail & Commercial Banking - Docklands, Australia

Australia & New Zealand Banking Group Our history dates back over 175 years. We are committed to building lasting partnerships with our customers, shareholders and communities in 32 countries in Australia, New Zealand, throughout Asia and the Pacific, and in the Middle East, Europe and America. We provide a range of banking and financial products and services to around 8 million customers. We employ 48,000 people worldwide. Business strategy We aim to become a super regional bank. This involves growing our presence in the Asia Pacific region and source 25-30% of earnings from our Asia Pacific Europe and America Division by 2017, while also being very focused on growth in our core domestic businesses in Australia and New Zealand. We have a coherent strategy to drive competitive advantage:

National Australia Bank Ltd. Retail & Commercial Banking - Melbourne, Australia

National Australia Bank Ltd. engages in the provision of banking and financial services. Its services include banking, credit and access card facilities, leasing, housing and general finance, international banking, investment banking, wealth management, funds management and custodian, trustee and nominee services. The company operates through five segments: Consumer Banking & Wealth, Business & Private Banking, Corporate & Institutional Banking, NZ Banking, and Corporate Functions & Other. The Consumer Banking & Wealth segment provides customers with access to independent advisers, including mortgage brokers and the financial planning network of self-employed, aligned and salaried advisers in Australia. The Business & Private Banking focuses on serving customers through NAB Business franchise and specialist services in key segments. The Corporate & Institutional Banking segment provides lending and transactional products and services related to financial and debt capital market, custody and alternative investments. The NZ Banking segment comprises of retail, business, agribusiness, corporate and institutional, and insurance franchises in New Zealand that operates under the Bank of New Zealand brand. The Corporate Functions and Other segment include treasury, technology and other supporting units. The company was founded on October 4, 1858 and is headquartered in Melbourne, Australia.

Westpac Banking Corp. Retail & Commercial Banking - Sydney, Australia

Westpac Banking Corporation (Westpac) was founded in 1817 and was the first bank established in Australia. Westpac began trading on 8 April, 1817 as the Bank of New South Wales with a single office in Macquarie Place, Sydney. In 1982, with the merger of the Commercial Bank of Australia, it changed its name to Westpac Banking Corporation. On 23 August 2002, Westpac was registered as a public company limited by shares under the Australian Corporations Act (2001). In December 2008, Westpac merged with St.George Bank Limited.

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