Completion of sale of Hastings international businesses

MEDIA
RELEASE
26 MARCH 2018

Completion of sale of Hastings’ international businesses to Northill Capital
Westpac Banking Corporation (ASX:WBC) (“Westpac”) has today announced completion of the sale
of the international businesses of Westpac’s subsidiary Hastings Management Pty Limited
(“Hastings”) to Northill Capital (“Northill”).
Hastings’ international businesses comprise all of Hastings’ activities in the United Kingdom, the
United States and Singapore and include the management of a diversified portfolio of infrastructure
debt and equity assets across the US, UK, Europe and Australia on behalf of a number of leading
global institutional investors.
Northill will be investing over the long term to further develop Hastings’ international businesses.
Westpac has confirmed that the Hastings Australian business will continue to support its clients,
including by facilitating a transition of responsibilities to the new manager of Utilities Trust of Australia.
ENDS
Westpac Media Enquiries
Emma Cunningham
Head of External Communications, Institutional
M +61 466 379 081
ecunningham@westpac.com.au

Westpac Investor Relations
Andrew Bowden
T +61 2 8253 4008
M +61 438 284 863
andrewbowden@westpac.com.au
Northill Capital
Sally Todd
+44 20 7016 4121
sally.todd@northill.com


Northill Capital
Northill Capital is an independent, privately held asset management business, established in London in 2010, with substantial
financial backing from interests associated with the Bertarelli Family. Northill’s long-term strategy is to build a portfolio of high
quality, specialist asset management businesses. Assets under management by businesses in which Northill owns a majority
interest total approximately US$51 billion (as at 31 December 2017). Northill brings deep industry experience and expertise and
the patient, long-term application of substantial private capital to support skilled investment professionals to develop their
businesses. Northill Capital LLP is authorised and regulated by the Financial Conduct Authority. www.northill.com