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ANZ Funds Management Appoints Chief Investment Officer

Document date:  Tue 18 Apr 2000
Published:  Tue 18 Apr 2000 14:29:51
Document No:  161187
Document part:  A
Market Flag:  N
Classification:  Company Administration - Other

AUSTRALIA & NEW ZEALAND BANKING GROUP LI      2000-04-18  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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ANZ today announced the appointment of Mr Bruce Bonyhady as Chief
Investment Officer, ANZ Funds Management and Insurance.

Mr Bonyhady will join ANZ after a senior position with BT Funds
Management where he was Executive Vice President and Head of
International. Prior to that he held a number of senior roles with
National Mutual including Managing Director and Chief Investment
Officer for their European funds management operations and Chief
Economist for National Mutual Funds Management.

Mr Bonyhady will be responsible for managing ANZ's investment and
asset management businesses.

ANZ Managing Director Funds Management and Insurance, Mr James
MacKenzie said the investment management business is strategically
important to ANZ and we need to clearly focus on growing this
business by continuing to achieve superior and sustainable
performance that is recognised by both asset consultants and research
houses.

"Bruce will focus on corporate markets and building market share by
leveraging ANZ's existing strong customer relationships, as well as
marketing to other third party clients.

"He is a great addition to the management team and I am delighted
that someone with his reputation, experience and ability has agreed
to join us," he said.

Mr Bonyhady reports to Mr MacKenzie, with the appointment effective
from today.

ANZ also announced today the departure of Mr Ross Chessari, Managing
Director ANZ Asset Management who has left ANZ to pursue other
opportunities.

"I would like to thank Ross for his valued contribution to developing
ANZ's asset management business and wish him well for the future," Mr
MacKenzie said.

For media enquiries, please contact: 

Michelle Gibbings 
MANAGER MEDIA  RELATIONS 
Tel: 03-9273 6190 or 0409-655 551