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BT Financial Group

PRI reporting framework 2017

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Basic Information

OO 01. Signatory category and services

01.1. Select the services you offer.

% of assets under management (AUM) in ranges

% of assets under management (AUM) in ranges

01.2. Additional information. [Optional]

BT Financial Group Australia (BTFG) is the wealth management arm of The Westpac Group (Westpac), with operations covering the manufacture and distribution of investment, superannuation and retirement products; margin lending and broking; investment platforms such as Wrap and master trusts; private banking; financial planning; and general and life insurance. Combined funds under management and administration total A$183.6 billion (at 31 December 2016).
More information concerning Westpac's approach to sustainability, including a position statement articulating BTFG's approach to responsible investment, can be found at https://www.westpac.com.au/about-westpac/sustainability.
Investment management operations within BTFG sit within BT Investment Solutions (BTIS).
BTIS manages over A$31 billion for investors as at 31 December 2016. The core of the investment philosophy is that an active multi-strategy, multi-manager process is the most effective investment strategy to deliver sustainable long-term returns and to preserve our clients' capital within any market environment.

OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

Australia

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

100 FTE

02.4. Additional information. [Optional]

The number of staff quoted above is an approximate number of the equivalent full-time employees involved directly in the investment decision-making process of BT Financial Group, as well as supporting roles in administration, marketing and human resources.

OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]

BT Financial Group Pty Limited is the wealth arm of The Westpac Group and is a wholly owned subsidiary of Westpac Banking Corporation. 

Hastings Funds Management Limited is an asset manager and signatory to the PRI, and is a wholly owned subsidiary of Westpac Banking Corporation. 

OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/12/2016

04.2. Indicate your total AUM at the end of your reporting year, excluding subsidiaries you have chosen not to report on.

Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Additional information. [Optional]

The FUM reported above relates to BT Financial Group. Of this, BT Investment Solutions manages A$31.5 billion.

Execution and advisory services (Platform) FUA was A$133.6 billion as at 31 December 2016.

OO 06. How would you like to disclose your asset class mix

New selection options have been added to this indicator. Please review your prefilled responses carefully.

06.1. How you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 0 0 >50% 60
Fixed income 0 0 10-50% 20.4
Private equity 0 0 <10% 0.2
Property 0 0 <10% 9.1
Infrastructure 0 0 <10% 0.4
Commodities 0 0 <10% 1.2
Hedge funds 0 0 <10% 1.5
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 <10% 7.2
Other (1), specify 0 0 0 0
Other (2), specify 0 0 0 0

06.2. Publish our asset class mix as per attached image [Optional].

06.3. Provide contextual information on your AUM asset class split. [Optional]

OO 07. Fixed income AUM breakdown (Private)

OO 08. Segregated mandates or pooled funds (Private)

OO 09. Breakdown of AUM by market (Private)

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