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ANZ restructures Asia Pacific business for future growth

Australia and New Zealand Banking Group has announced a new organization structure for its Asia Pacific division to develop new revenue opportunities and accelerate the growth potential of its network and partnership activities.

Two senior leadership roles have been created to bring greater focus to growth in retail and institutional business, and align Asia Pacific with Australia and New Zealand’s divisional structure.

Owen Wilson has been appointed as the managing director of retail – Asia, reporting jointly to group managing director of Asia Pacific division, Alex Thursby and group managing director of personal division, Brian Hartzer.

The new role will build a strong retail proposition in ANZ’s existing markets in Asia and in the partnership businesses. Mr Wilson was previously managing director, international partnerships for the Asia Pacific division.

Mark Whelan has been appointed as the managing director of institutional – Asia, reporting jointly to Mr Thursby and group managing director of institutional division, Peter Hodgson.

The new role has a clear brief to exploit growth opportunities for institutional clients through ANZ’s network and partners. Mr Whelan was previously joint managing director of markets for the institutional division and as a consequence of his new role, Gilles Plante will become sole managing director of markets.

To support the new Asia Pacific structure, ANZ will have three senior regional roles reporting to Mr Thursby with responsibility for leading the development of the business and developing client relationships in ANZ’s key Asia Pacific geographies.

Mike Guerin will continue as managing director of Pacific, and two new roles will be created covering South and South East Asia, and North East Asia. ANZ will conduct an internal and external search over coming months to fill the new roles.