B.A. (Hons), MA (Econ), M.Com
Westpac Banking Corporation
Robert Elstone is presently a non-executive director of Westpac Banking Corporation and has over 30 years experience in senior roles across investment banking, aviation, resource materials, and financial markets and risk management. In 2011, Robert retired from full-time executive responsibilities, having been Managing Director and CEO of the enlarged Australian Securities Exchange (ASX) for five years.
In 2006, Robert negotiated the announced merger of the SFE Corporation with the ASX to form the ninth largest financial exchange group in the world. During his tenure as Managing Director and CEO, Robert led the ASX through the equities and futures exchange merger integration process and then through the period of the global financial crisis; as well as presided over its change process to prepare for an era of competition for market services.
Prior to this, Robert was appointed Managing Director and CEO of SFE Corporation in 2000 after 10 years as Chief Financial Officer of two major listed Australasian companies, Air New Zealand and Pioneer International. In addition, Robert managed the Australian office of Paribas' international investment banking activities, working abroad in Paris, London and New York.
Robert acted as a consultant to the Campbell Inquiry into the Australian financial system in the 1970s. In 2004, he was appointed a non-executive director of the National Australia Bank, where he was also initially a member and subsequently chaired the Risk Committee of the NAB Board during a period of preparation for accreditation for the Basel II regulatory framework.
In 2006, Robert was appointed by the then Federal Treasurer and Minister of Finance to the Commonwealth Government's inaugural Future Fund Board of Guardians, charged with managing the proceeds of Budget surpluses and sales of Government owned assets. The following year he was then appointed for a two year term to chair the Financial Sector Advisory Council, which comprised a number of CEOs of Australia's major financial services groups.