New CEO for ANZ
ANZ has announced a successor to Mike Smith as chief executive officer.
The big banking group said that Smith would be succeeded by current chief financial officer, Shayne Elliott, on 1 January.
Elliott, 51, is currently ANZ's chief financial officer responsible for all aspects of finance as well as group strategy, legal, Treasury, investor relations, and mergers and acquisitions.
Originally from New Zealand, Elliott has over 30 years' experience in international banking, including in Australia, New Zealand, Asia Pacific and the Middle East, and joined ANZ as CEO Institutional in June 2009.
Smith will step down after eight years as chief executive officer and as a director on 31 December 2015.
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.
