SYDNEY’S top companies are dominated by 3 of the 5 banks in Australia with a combined market capitalization. As for the rest of the top 50, most are household names while others fly under the locating system despite establishing a global presence.
1. Commonwealth Bank
ASX code- CBA
Market Cap- $142.88b
CEO- Ian Narev
Listed Year- 1991
Establish Year- 22 December 1911
The Commonwealth Bank of Australia is an Australian multinational bank with businesses across New Zealand, Asia, the United States, and the United Kingdom. It is Australia’s foremost provider of integrated financial services, including retail, premium, business, and institutional banking, funds management, superannuation, insurance, investment, and share-broking products and services.
The vision of Commonwealth Bank is to excel at securing and enhancing the financial wellbeing of people, businesses and communities and a key requirement to achieve this is that they maintain the highest professional standards and act with integrity during the course of their business activities.
2. Westpac Banking Corporation
ASX code- WBC
Market Cap- $110.15b
CEO- Brian Hartzer
Listed Year- 1970
Establish Year- 8 April 1817
Westpac Banking Corporation, commonly known as Westpac. The headquartered of Westpac is in Sydney. It is Australia’s second-largest bank and financial-services provider of Australia. They provide a broad range of banking and financial services in these markets, together with consumer, business and institutional banking and wealth management services.
The vision of Westpac Banking Corporation is to be one of the world’s great service companies, helping customers, communities, and people to prosper and grow. The strategy of Westpac Banking Corporation seeks to deliver on this vision by building deep and enduring customer relationships, being a leader in the community, being a place where the people want to work and, in so doing, delivering superior returns for shareholders.
3. Woolworths Limited
ASX code- WOW
Market Cap- $34.33b
CEO- Brad Banducci
Listed Year- 1993
Establish Year- Friday, 5 December 1924
Woolworths is a foremost Australian company with extensive retail interest all over Australia and New Zealand. Woolworths Limited is the second largest company in Australia by revenue, after Perth-based retail-focused conglomerate Wesfarmers, and the second largest in New Zealand. Woolworths is on a mission to deliver the best in convenience, value, and quality for its customers.
The commitment of Woolworths is to hard work and integrity is resolute. They are proud of their down-to-earth culture and they celebrate their family-friendly values. When it comes to working with their partners, they are governed by 3 simple ideas such as collaboration, fairness, and source locally.
At the bottom of it all is a working relationship built on mutual trust. More than 80% of their suppliers have been partners for a decade or longer and they work very closely with them to develop the products and services their customers love.
4. Macquarie Group Limited
ASX code- MQG
Market Cap- $33.46b
CEO- Nicholas Moore
Listed Year- 2007
Establish Year- 1969
Macquarie Group Limited is an Australian multinational independent investment bank and financial services company. It is the world’s largest infrastructure asset manager with headquartered in Australia. Macquarie Group Limited is advisory and capital raising services including corporate finance, project finance, private capital, equity, and debt capital markets and principal investments.
The bank also announced that former Reserve Bank of Australia governor will join the boards of Macquarie Group and Macquarie Bank as an independent director.
5. Scentre Group
ASX code- SCG
Market Cap- $22.58b
CEO- Peter Allen
Listed Year- 2014
Establish Year- July 1959
Scentre Group is a shopping Centre with retail destinations operating under the Westfield brand in Australia and New Zealand. The first shopping Centre Westfield Plaza is started in Blacktown. The corporation undertakes ownership, development, design, construction, funds or asset management, property management, leasing, and marketing activities for its centers.
Scentre Group is Australia’s largest mall is regarded as something of a market bellwether and its 3rd quarter update for 2017 reflected this in the form of weaker consumer sentiment. Many of the shopping malls have also been receiving upgrades as CEO Peter Allen takes Scentre on a strategy of transforming the malls from simple markets into places which have been called “true community hubs”.
6. Westfield Corporation
ASX code- WFD
Market Cap- $17.37b
CEO- Peter Lowy & Steven Lowy
Listed Year- 2014
Establish Year- 1960
Westfield Corporation will have its headquarter in Paris and Schiphol, with 2 regional headquarters in Los Angeles and London. Westfield Corporation creating great experiences for retailers, consumers and brands. They have evolved the configuration of their portfolio through the addition of food, leisure and entertainment, and a broader mix of uses together with many new concepts, emerging technologies, and online brands.
Westfield Corporation undertook ownership, development, design, construction, funds or asset management, property management, leasing, and marketing activities. Westfield Corporation says the rapidly shifting retail landscape means that places like Westfield have had to transform, to not only just be shopping centers, but shopping experiences.
7. Insurance Australia Group
ASX code- IAG
Market Cap- $16.86b
CEO- Peter Harmer
Listed Year- July 2000
Establish Year- 1920
Insurance Australia Group Limited (IAG) is a multinational general insurance company in Australia and New Zealand. Its headquarter is in Sydney, Australia. IAG also has interests in general insurance joint ventures in Malaysia and India. Insurance Australia Group Limited (IAG) is the name behind some of the most trusted and respected insurance brands together with NRMA Insurance, CGU, SGIO, SGIC, Swann Insurance and WFI (Australia); and NZI, State, AMI, and Lumley Insurance (New Zealand) in the regions in which they operate.
8. Sydney Airport
ASX code- SYD
Market Cap- $16.32b
CEO- Kerrie Mather
Listed Year- 2002
Establish Year- 1919
Sydney Airport is one of the world’s longest constantly operated commercial airports and the busiest airport in Australia. The visitors from China, India, Philippines, Indonesia, Japan, and Vietnam helped to drive the growth for Australia’s full of activity airport while all divisions generated a rise in revenue together with aeronautical, retail, property, car rental and parking.
The incoming tourism market, mostly from Asia, helped drive an increase in passenger numbers, net profit and total revenue for Sydney Airport as all its divisions formed positive results.
9. CIMIC Group
ASX code- CIM
Market Cap- $16.4b
CEO- Adolfo Valderas
Listed Year- 1962
Establish Year- 1899
CIMIC Group Limited is an international contractor. CIMIC Group is an engineering-led construction, mining, services, and public-private partnerships leader and environmental services industries. It has operations in Australia, Southeast Asia, New Zealand, and the Middle East. CIMIC Group Limited integrates a world of experience and expertise to amplify insights, develop future-ready solutions and deliver enduring value across the lifecycle of assets, infrastructure and resources projects.
10. AGL Energy Limited
ASX code- AGL
Market Cap- $16.42b
CEO- Andrew Vesey
Listed Year- 2006
Establish Year- 1837
AGL Energy Limited is an Australian listed public company involved in both the generation and retailing of electricity and gas for residential use and commercial. They operate the country’s largest electricity generation portfolio; they are its largest ASX-listed investor in renewable energy.
AGL Energy Limited has a responsibility to provide sustainable, secure and affordable energy for their customers. The aim of AGL Energy is to prosper in a carbon-constrained world and build customer advocacy as their industry transforms. That’s why they have committed to exiting their coal-fired generation by 2050 and why they will continue to develop innovative solutions for their customers.