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Thursby to leave ANZ

Thursby to leave ANZ

(04 April 2013 – Australia) ANZ Bank has revealed in a release that its executive for Asia, Alex Thursby will be leaving the bank for an institution in the Middle East at the end of April. Thursby was hand-picked by ANZ Chief Executive Mike Smith to spearhead the bank's Asian growth strategy.

Throughout his six years at the bank, Thursby has overseen rapid growth in ANZ's Asian operations as Chief Executive of Institutional and International Banking.

Reflecting this ambition to become a "super regional bank", combined earnings from China, Hong Kong and Taiwan had become the third-biggest source of profits, after Australia and New Zealand, at its latest results.

Smith said Thursby's role transforming the business represented a "significant and lasting legacy.'

"Over the past six years Alex has played a leading role in implementing the Group's super regional strategy. He has helped to transform ANZ creating the foundation of a very significant business in Asia Pacific," Smith said.

"He has built a world-class team of senior international bankers in International and Institutional Banking that has created real capability and significant momentum around the Group's strategy."

"Our super regional aspiration is now part of ANZ's corporate DNA."

Thursby, a former head of institutional banking at Standard Chartered Bank, is moving to the role of Chief Executive at a bank in the Middle East at the end of this month.
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