ANZ chief economist resigns
ANZ bank has announced that its long serving chief economist, Saul Eslake, will resign following 14 years in the role.
ANZ Australian economics and interest rate research head Warren Hogan has been appointed to act in the role until a permanent replacement can be found.
After 14 years as chief economist at ANZ, Eslake has “established an international reputation for his analysis, insight and uncompromising advice on the economy and economic policy” ANZ chief executive Mike Smith said.
“Uniquely, Saul’s views are not only sought in the boardrooms of some of the region's largest companies, but by the man on the street and government officials and ministers alike”, Smith said.
Hogan’s experience as an economist lies particularly in global markets.
Prior to joining ANZ in 2005 Hogan was Credit Suisse First Boston chief economist and head of interest rate product research.
Hogan has also held economist roles at Westpac and the NSW Treasury Corporation.
He will assume the role early next month.
Recommended for you
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.