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ANZ exec steps down

ANZ exec steps down

A big-four bank has announced that one of its top executives will leave the group to seek new opportunities.

Andrew Géczy will step down from his role as ANZ CEO of international and institutional banking to seek new opportunities.

ANZ chief executive Shayne Elliott said Mr Géczy has worked tirelessly over the past few years to transform the bank’s international and institutional banking business.

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“This includes strengthening ANZ’s institutional client franchise, improving the performance of our Asia Pacific retail business and consolidating the leading position we have in Australia and in New Zealand and our position as a top-four corporate bank in Asia,” Mr Elliott said.

“I want to thank Andrew for his significant contribution and for the personal support he has given me during the transition to my new role as chief executive. On behalf of everyone at ANZ, I wish him every success in his future career.”

Mr Géczy said it has been a privilege to be part of ANZ’s leadership team over the past two and a half years and the timing is right for him to pursue new opportunities.

“We made significant progress during my time at ANZ,” Mr Géczy said.

“We created a stronger international network based on regional trade and investment corridors. We also improved our risk and control management, built a high-performing team and completed our footprint in Asia with new banking licenses in Thailand and Myanmar.”

Mr Géczy joined ANZ in 2013 following a distinguished career in wholesale banking, markets and asset management including senior executive roles at Lloyds Banking Group and Citigroup.

He will step down from his role at ANZ at the end of January at which time an announcement will be made about his replacement.

[Related: ING Direct CEO announces retirement]

ANZ exec steps down
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