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    Brett Le Mesurier

    Research Analyst at Velocity

    Brett Le Mesurier is the Senior Banking and Insurance Analyst at Velocity Trade, specializing in comprehensive equity research on Australia's major financial institutions. He is recognized for his in-depth analysis of leading banks such as Westpac, NAB, ANZ, and other critical financial sector players, consistently delivering expert insights on their performance trends. With a career spanning over 28 years, Le Mesurier previously served as Senior Equities Analyst at Shaw and Partners and Managing Director and Head of Research at APP Securities before returning to Velocity Trade. He holds a Bachelor of Arts with honours in Statistics from Macquarie University, has completed actuarial exams, and is widely regarded for his expertise and longevity in banking sector research.

    Brett Le Mesurier's questions to WESTPAC BANKING (WEBNF) leadership

    Brett Le Mesurier's questions to WESTPAC BANKING (WEBNF) leadership • Q1 2021

    Question

    Brett Le Mesurier of Velocity sought clarification on the significant reduction in the corporate loan book, asking how much was attributable to the trade finance runoff and whether this signaled a strategic shift away from large corporate clients.

    Answer

    CFO Michael Rowland confirmed the reduction was driven by both the planned trade finance runoff (less than half the total) and softer business lending. CEO Peter Francis King added that lower client demand was also a factor, and the bank is not strategically exiting corporate lending, noting a recent pickup in M&A-related activity.

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    Brett Le Mesurier's questions to WESTPAC BANKING (WEBNF) leadership • Q3 2020

    Question

    Brett Le Mesurier asked if the decline in outstanding loans, particularly in residential mortgages and corporate loans, was expected to continue into the fourth quarter. He also questioned if a drop in on-balance-sheet sovereign exposures implied a lower level of liquids, potentially easing NIM pressure.

    Answer

    Acting CIO Gary Thursby stated the outlook for business credit demand is flat, while mortgage application levels are rebuilding after processing issues, though overall housing demand remains soft. CEO Peter Francis King clarified that the level of liquids is stable, as indicated by the LCR, and the movement in sovereign exposures is a complex function of central bank transactions.

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