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Westpac takes lead in Fixed Income as the No. 1 Domestic Bank of Choice

 

22 November 2013

Westpac Institutional Bank (Westpac) has for the second time running been voted the No.1 domestic bank of choice in fixed income markets in the industry leading Peter Lee Associates Survey of Debt Securities in Australia for 2013.

In one of the most highly competitive areas of the banking market, Westpac has gained further market share on its lead in investment grade corporate bonds and dominates the AUD bond market among domestic bank issuers.

Tony Masciantonio Managing Director and Head of Debt Markets at Westpac Institutional Bank said “We have consolidated and extended our clear leadership position as the domestic bank of choice in fixed income markets with a best ever result."

With growing offshore demand for Australian dollar bonds and an expanding domestic bond market, investors are increasingly looking to work with the leading domestic banks.

“To receive this vote of confidence from the market’s most active investors is a fantastic achievement and we are focused on maintaining this lead with our unwavering commitment to our customers,” Mr Masciantonio said.

“Westpac has a very clearly defined strategy and a long standing track record that has been able to attract top talent to complete our debt market franchise globally.”

“We have broadened the breadth of our offering with an end to end proposition from origination and research through to pricing of risk and a world class domestic and international franchise for distribution,” he said.

Key Survey Findings:
RATES
No.1 Australian Bank in market share and relationship strength for bonds and semis1
No.1 Australian Bank in market share and best research for CPI linked securities1

CREDIT
No.1 market share and relationship strength for corporate bonds1
No.1 in market share and relationship strength for asset backed securities1

RESEARCH
No. 1 for asset backed securities research1
No. 1 for domestic credit research1
No. 1 for relative value research1

1.  Peter Lee Associates Debt Securities Investors Australia Survey 2013. Rank vs. top 4 major domestic banks. Based upon the most active investors in each type of security. Based upon Westpac achieving a no.1 ranking amongst the four major domestic banks for estimated market share across Commonwealth Treasury and Semi Government Bonds, Corporate Bonds, Asset Backed Securities and CPI Linked Securities, a no.1 ranking for Relationship Strength amongst the four major domestic banks across Commonwealth Treasury and Semi Government Bonds, Corporate Bonds and Asset Backed Securities.