The ANZ Bank executive responsible for overseeing securities lending to failed stockbroking firm Opes Prime has resigned, but has agreed to co-operate with the bank’s ongoing investigation into employee involvement in the Opes Prime debacle.
Chris Cooper, who was the head of ANZ’s working capital division, has left the company citing personal and family reasons.
The head of corporate banking, Vishnu Shahney, will assume Cooper’s responsibilities until a replacement is found.
An ANZ spokeswoman confirmed that the bank’s investigation into whether employees breeched company policies or acted illegally in relation to Opes Prime is “progressing, although there’s still a fair bit to do”.
She said the bank is unsure how long the investigation will take.
