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
Net cash flow on AMP’s platforms saw a substantial jump in the last quarter to $740 million, while its new digital advice offering boosted flows to superannuation and investment.
Insignia Financial has provided an update on the status of its private equity bidders as an initial six-week due diligence period comes to an end.
A judge has detailed how individuals lent as much as $1.1 million each to former financial adviser Anthony Del Vecchio, only learning when they contacted his employer that nothing had ever been invested.
Having rejected the possibility of an IPO, Mason Stevens’ CEO details why the wealth platform went down the PE route and how it intends to accelerate its growth ambitions in financial advice.