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.
Recommended for you
Licensee Centrepoint Alliance has completed the acquisition of Brighter Super’s annual review service advice book, via Financial Advice Matters.
ASIC has launched court proceedings against the responsible entity of three managed investment schemes with around 600 retail investors.
There is a gap in the market for Australian advisers to help individuals with succession planning as the country has been noted by Capital Group for being overly “hands off” around inheritances.
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.