ANZ rings leadership changes
(20 October 2005 – Australia) ANZ has announced a raft of changes to its senior management ranks in the aim of ensuring the bank meets its targets of seven to nine percent annual revenue growth and 40 percent cost to income ratio over the next few years.
ANZ said meeting these strategic targets had become a "hallmark" of ANZ’s management track record.
The role of meeting these targets has been given to Dr Bob Edgar who will become senior managing director. He will also retain responsibility for ANZ’s alliance with ING Australia and will continue as chairman of Esanda, among other roles.
Following the appointment of Graham Hodges to run ANZ National Bank in New Zealand, Mark Paton, who is currently managing director, Trade and Transaction Services, will become the new group managing director, Corporate. Paton will also join the ANZ Management Board.
Peter Hawkins and Elizabeth Proust will both retire. Hawkins has spent 34 years with ANZ, during which time he headed Personal Financial Services and ANZ New Zealand.
Proust spent eight years with ANZ and is currently managing director of Esanda.
David Hisco, who is acting managing director of Retail Banking, will replace Proust.
Jenny Fagg will replace Proust’s role of mentoring the development and advancement of women at ANZ.
The role of meeting these targets has been given to Dr Bob Edgar who will become senior managing director. He will also retain responsibility for ANZ’s alliance with ING Australia and will continue as chairman of Esanda, among other roles.
Following the appointment of Graham Hodges to run ANZ National Bank in New Zealand, Mark Paton, who is currently managing director, Trade and Transaction Services, will become the new group managing director, Corporate. Paton will also join the ANZ Management Board.
Peter Hawkins and Elizabeth Proust will both retire. Hawkins has spent 34 years with ANZ, during which time he headed Personal Financial Services and ANZ New Zealand.
Proust spent eight years with ANZ and is currently managing director of Esanda.
David Hisco, who is acting managing director of Retail Banking, will replace Proust.
Jenny Fagg will replace Proust’s role of mentoring the development and advancement of women at ANZ.
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