Former St Andrews boss to head ANZ wealth
|
|
Former Fortis senior executive and St Andrews Insurance boss John Van Der Wielen is to return to Australia to head up ANZ’s wealth management business.
The big banking group has announced that Van Der Wielen will be managing director for wealth in Australia, taking up his role in October. Before that, the managing director of ING Australia, Harry Stout, who returns to the US in 2011, will run the business.
ANZ said that its managing director of retail distribution, Louis Hawke, had been appointed to an integrated role as managing director of product, strategy and marketing and that its general manager of regional and commercial banking, Mark Hand, had been appointed as managing director of retail distribution.
The original catalyst for the changes was ANZ’s acquisition last year of the remaining 51 per cent stake in ING Australia, with ANZ chief executive Phil Chronican saying that the moves signalled the banking group’s intention to aggressively grow in the wealth segment.
HBOS sold its St Andrews business to the Commonwealth Bank last year.
AUTHOR
Mike Taylor
Recommended for you
ASIC has cancelled the AFSL of an advice firm associated with Shield and First Guardian collapses, and permanently banned its responsible manager.
In the run-up to heavy losses expected at the end of the financial year, June has already reported consecutive weeks of adviser losses.
ASIC has banned a former NSW adviser from providing advice for 10 years for investing at least $14.8 million into a cryptocurrency-based scam.
ASIC has sent warning notices to social media finfluencers who it suspects are providing unlicensed financial advice to Australians as part of a global crackdown by international regulators.
