ANZ has made a number of structural changes in order to “fully unlock the potential” of the bank.
Andrew Geczy, the divisional head of ANZ’s International and Institutional Banking division, has announced a string of new appointments.
The changes were made "to accelerate execution of ANZ's super-regional strategy, by improving business performance and removing duplication at a geographical level,” reported Banking Day.
A new role in the credit department, head of credit and capital management, will be filled by former head of institutional relationships Kevin Corbally.
Former Asia Pacific CEO Gilles Plante as deputy chief executive of the IIB division, while remaining a member of the ANZ management board.
Geczy told staff that Plante's role is not being replaced, though a search is underway for a new head of international banking.
Other significant appointments include Catherine Carver moving into the role of senior managing director of IIB. Her previous role of head of institutional Australia will not be refilled.
Sanjoy Sen, head of retail banking, Asia Pacific, has been elevated to the IIB leadership team.
Geczy wrote in note to staff that after "more than 60 days listening to more than 3000 people inside and outside ANZ about how things are done here… it is clear that we need more simplicity and clarity, better systems and stronger execution to fully unlock the potential of our franchise,” reported Banking Day.
