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ANZ appoints non-executive director

The major bank’s chairman Paul O'Sullivan announced that Graham Hodges has joined the ANZ board as a non-executive director, effective immediately.

Mr Hodges’ appointment followed the establishment of a non-operating holding company (NOHC) structure in order to create a distinction between banking and non-banking groups within ANZ.

The major bank agreed to appoint an additional non-executive director to these two boards as a part of the NOHC restructure.

Mr Hodges currently holds the role of chairman of ASX-listed aged care company Regis Healthcare Limited and is also director of assemble communities that is a developer and ownership platform that supports affordable and social housing ownership.

Mr Hodges retired from ANZ in 2018, where he spent 27 years of his career, holding various senior positions including deputy chief executive for nine years along with working across most areas of the major bank such as tenures as ANZ’s chief financial officer, head of HR, head of operation, and CEO Australia.

In addition, Mr Hodges was the major bank’s New Zealand CEO from November 2005 to May 2009 and a director of ANZ National Bank Limited responsible for running the major bank’s New Zealand business.

Mr O'Sullivan commented on the appointment: “Graham’s extensive banking experience and knowledge of ANZ will complement these Boards and I am confident he will provide valuable service to the ANZ Banking Group as we begin operating under this new NOHC structure.”

ANZ invests in VGM

The major bank recently announced a $50 million investment in the property media and technology company View Media Group (VMG).

According to ANZ, the investment will go towards enabling its existing strategy to establish a range of services in the home owner sphere in order to enhance customer experiences with owning, buying, or renting a property.

In addition, ANZ will also be partnering with other service providers in that space including real estate agents and utility operators.

Under the partnership, the major bank will invest in a minority shareholding in VMG to create a proposed exclusive financial services partnership on key products along with ANZ gaining a seat on VMG’s board.

VMG’s portfolio includes businesses that offer property and media solutions for businesses and consumers such as a residential listing portal, real estate marketing agencies, and property-technology businesses including realestateview.com.au, Propic, and Beevo.

[RELATED: ANZ invests $50m in media company]

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