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Appoints Head of Asset Management

Document date:  Wed 02 Jun 1999
Published:  Wed 02 Jun 1999 00:00:00
Document No:  148937
Document part:  A
Market Flag:  N

HOMEX - Melbourne                                                     

ANZ today announced the appointment of Mr Ross Chessari as Managing
Director, ANZ Asset Management, ANZ's newly formed wholesale and
institutional asset management business in Australia and New Zealand.

Mr Chessari was previously General Manager, Investments with ANZ
Funds Management. Prior to that, Mr Chessari was General Manager ANZ
Trustees and ANZ Funds Management Legal Counsel. He holds a Bachelor
of Laws and Master of Taxation.

ANZ Asset Management, which incorporates the investment team of ANZ
Funds Management, will continue to maintain close links with ANZ's
Personal Financial Services retail funds management business but will
also establish its presence in the wholesale and institutional

"ANZ Asset Management is focused on building market share in the
wholesale and institutional marketplace by maximising the potential
of the ANZ customer base as well as marketing to third party
clients," Mr Chessari said.

"Our team of investment professionals and our investment process has
placed us among Australia's top performing fund managers*. We, will
continue to build on this strength by adding further value to
clients, including ANZ's personal financial services business, and
developing new business channels," he said.

ANZ Asset Management is part of ANZ's Corporate Financial Services

For media enquiries, please contact:

Paul Edwards 
Head of Group Media Relations 

* Source: William M. Mercer, 12 months to 31 March 1999 - Pooled,
Australian Shares and Fixed Interest.