ANZ plans for growth
ANZ has looked to accelerate its growth with a reorganisation of its Asia Pacific business, including two key appointments.
The bank announced today that Owen Wilson had been appointed managing director, retail — Asia, while Mark Whelan had been appointed managing director, institutional, Asia.
It said the two senior roles had been created to bring greater focus to growth in retail and institutional business and align Asia Pacific with ANZ’s divisional structure.
Wilson will report jointly to group managing director, Asia Pacific division, Alex Thursby and group managing director, personal division, Brian Hartzer.
Whelan will report to Thursby as well as to group managing director, institutional division, Peter Hodgson.
Commenting on the changes, Thursby said the structure would bring renewed emphasis on developing ANZ as a significant regional financial services institution.
“It will enable us to deepen our market penetration, maximise earnings potential and develop our franchise by harnessing the combined potential of our network and partnership activities,” he said.
AUTHOR
Mike Taylor
Recommended for you
With the final tally for FY25 now confirmed, how many advisers left during the financial year and how does it compare to the previous year?
HUB24 has appointed Matt Willis from Vanguard as an executive general manager of platform growth to strengthen the platform’s relationships with industry stakeholders.
Investment manager Drummond Capital Partners has announced a raft of adviser-focused updates, including a practice growth division, relaunched manager research capabilities, and a passive model portfolio suite.
When it comes to M&A activity, the share of financial buyers such as private equity firms in Australia fell from 67 per cent to 12 per cent in the last financial year.
