Powered by MOMENTUM MEDIA
subscribe to our newsletter

ANZ appoints CFO

ANZ has promoted an institutional executive to chief financial officer, to commence from October.

Farhan Faruqi has taken the CFO role, after seven years with the big four bank.

Currently, he is group executive, international, where is responsible for ANZ’s institutional business in 19 markets across Asia, Europe, Middle East and the US.

Mr Faruqi will succeed CFO Shane Buggle, who is departing ANZ in October, ending a 25-year tenure with the bank.

Prior to joining ANZ, Mr Faruqi had held senior banking roles at Citigroup, including head of Citi’s corporate and investment bank in Asia Pacific, as well as its global loans and capital markets business in the region. He had also been country officer for a number of countries across Africa and Europe.

Advertisement
Advertisement

In the ANZ CFO position, Mr Faruqi will be held responsible for all aspects of the group’s finance, as well as Treasury, mergers and acquisitions and investor relations. He will remain a member of the group executive committee.

ANZ chief executive Shayne Elliott commented that Mr Faruqi had played a “crucial role in the reshaping of ANZ’s institutional and international business”.

“I’m confident his strong financial acumen, strategic insight and fresh thinking will be of great benefit to our shareholders and our customers,” Mr Elliott said.

Mr Faruqi added: “I want to thank the international team for their outstanding effort over the past few years in reshaping the international business.

“While I will miss them, I look forward to being part of their future success, albeit from a different vantage point, as we build on profitable growth in our target segments across the bank.”

PROMOTED CONTENT


On Mr Buggle’s exit, Mr Elliott said he had done an “outstanding job since stepping in as CFO earlier this year”.

[Related: AMP hires retirement solutions head]

ANZ appoints CFO
ANZ appoints CFO
mortgagebusiness

Are you a new-to-industry broker in the process of growing your business? Then there’s some great news: The Adviser’s New Broker Academy is back in 2021 and will provide you with essential insights into cutting-edge tools, strategies and processes to fast-track to success. Don’t miss your chance to attend. To secure your FREE place, visit newbroker.com.au now!

Sarah Simpkins

Sarah Simpkins is the news editor across Mortgage Business and The Adviser. 

Previously, she reported on banking, financial services and wealth for InvestorDaily and ifa.

You can contact her on This email address is being protected from spambots. You need JavaScript enabled to view it..

Latest News

The chief of Australia’s largest bank has said lenders should act pre-emptively and shift their floor rates for mortgage serviceability am...

Total household wealth reached a high of $13.4 trillion in the June quarter, primarily due to rising property prices, according to the Aust...

The property exchange settlement platform has been granted approval to establish an Electronic Lodgement Network in the ACT.  ...

Join Australia's most informed brokers

Do you know which lenders are providing brokers and their customers with the best service?

Use this monthly data to make informed decisions about which lenders to use. Simply contribute to the survey and we'll send you the results directly to your inbox - completely free!

How long do you think it should take to discharge a mortgage?

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.