ANZ appoints new Group Executive, Institutional

In a statement from ANZ, chief executive officer Shayne Elliott has announced changes to the bank's senior leadership team including the appointment of Mark Whelan as group executive, institutional.

Whelan was formerly the bank's managing director commercial Australia and his previous roles include managing director institutional Asia Pacific, Europe and America based in Hong Kong, and joint managing director global markets.

Other major changes include the appointments of: Farhan Faruqui as group executive, International reporting to Whelan and based in Hong Kong; Fred Ohlsson as group executive, Australia with responsibility for Retail and Commercial Banking; Joyce Phillips as group executive, wealth, marketing and innovation with responsibility for ANZ's insurance, investments and private banking businesses, as well as group marketing and innovation; David Hisco as group executive and CEO, New Zealand (Hisco will continue in his role as CEO of ANZ Bank New Zealand Limited and will have additional responsibility for the Pacific (excluding Papua New Guinea) and for ANZ's retail business in Asia).

A new role of group executive, digital banking will also be established with responsibility for ANZ's digital transformation. An external appointment to the role is expected to be announced in the coming months.

Commenting on the changes, Elliott said: "ANZ has terrific retail and commercial businesses in Australia and New Zealand and we have a great global institutional bank servicing regional trade and capital flows.

"These changes simplify how we work internally and allow us to bring greater focus to what we do uniquely well for our customers. The aim is to ensure we successfully compete in a world where connectivity and digital are more important to customers than ever before and where community expectations have never been higher."