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Key ANZ Asia staff named

Key ANZ Asia staff named

(10 June 2008 – Australia) In keeping with its Asian expansion focus, ANZ has named two key appointments to head up countries in Asia. Subhas DeGamia has been named the chief executive officer of India, while Andrew Leong was appointed to the same position in Taiwain.

In India, DeGamia will be responsible for driving ANZ's long-term strategy to become a major foreign bank in the country.

DeGamia began work with ANZ in 1989, particularly with the former ANZ Grindlays business in India.

Leong joins ANZ from Standard Chartered Bank where he was most recently the head of global markets in China. Leong will report to the North East Asian chief Alistair Bulloch.

The Indian chief executive, DeGamia, will report to Alex Thursby, the group managing director for Asia-Pacific.

Thursby reiterated the ANZ goal for the Asia Pacific region to contribute 20 percent to group net profit after tax by 2012.

He added that these country CEOs will develop and implement focused growth strategies that contribute toward this goal.
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