(29 September 2015 – Australia) Following ANZ Bank CEO, Mike Smith’s recent comments on ending his tenure with the bank next year, chief financial officer Shayne Elliott is said to be the lead candidate as his replacement.
Elliott has been widely speculated as one candidate to replace Mike Smith when he is expected to step down mid-next year, but an announcement on the final decision is expected to be made sooner than later.
However, in the short term, Elliot has been tasked to find a buyer for the bank’s 39 percent stake in Indonesia’s Panin Bank through Goldman Sachs, which is proving challenging.
The asset is worth close to A$800 million and Goldman’s attempts to offload the interest are happening as the Deutsche Bank-run sales process for ANZ’s A$8.3 billion Esanda deal finance loans draws near to a close, with Macquarie widely expected to be the buyer.