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
Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year.
Financial advice businesses are being urged to create an information memorandum for their practices to ensure they are “sale-ready” at all times amid the current opportunistic M&A climate.
The financial advice market remains very fragmented compared to other industries, according to Count chief executive Hugh Humphrey, and licensees need deep pockets if they want to scale up.
A global investment manager with more than $676 billion in AUM has announced a $345 million debt investment into Oaktree Capital-backed AZ NGA.
