19 June 2007
ANZ announces new group CEO for Asia-Pacific
Michael Smith to replace John McFarlane.
ANZ
Banking Group has
announced that Michael Smith (right) will succeed John McFarlane (below,
left) as chief executive officer of the banking organization. McFarlane
will step down at the end of September after 10 years in the role.
Smith
is currently president and chief executive officer of The
Hong Kong and Shanghai Banking Corporation (HSBC), chairman
of Hang
Seng Bank and chairman of HSBC
Bank Malaysia Berhad. He’s
also the global head of commercial banking for the HSBC Group.
"Michael is well qualified to take ANZ forward in its next stage of development," said ANZ chairman Michael Goode in a statement last week. "He's an outstanding all-round banker. In his 29 years with the HSBC Group he's developed an impressive track record across multiple businesses and geographies with extensive experience in retail and corporate banking," added Goode.
Michael is well qualified to take ANZ forward in its next stage of development.
New MD also revealed
ANZ has also announced the
appointment of Alex Thursby from the Standard
Chartered Bank in Singapore
to head its new Asia-Pacific Division. He is currently senior
managing director and group head of corporate and institutional relationships,
wholesale banking, at Standard Chartered.
British-born Thursby will take up the position as ANZ Group's managing director for Asia-Pacific in the coming months, the bank said. He spent 21 years with Standard Chartered Bank and will report to ANZ’s current CEO McFarlane, before new CEO Smith joins the bank on October 1st.
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