New Banking Division Appointments

Document date:  Tue 16 Jun 1998
Published:  Tue 16 Jun 1998 00:00:00
Document No:  138197
Document part:  A
Market Flag:  N
Classification:  

HOMEX - Melbourne                                                     

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ANZ today announced senior appointments to a newly created division,
to be known as New Banking, which will oversee the creation of its
businesses of the future.

The establishment of the New Banking division was announced by ANZ
Chief Executive Officer, Mr John McFarlane at the ANZ Annual General
Meeting in January 1998. The role of New Banking will be to create
new business and customer franchises, in many cases in partnership
with other organisations with complementary skills.

Responsibility for New Banking, in addition to Cards, will be assumed
by Mr Charles Carbonaro, Managing Director, Global Cards and New
Banking. Reporting to Mr Peter Hawkins, Global Head of Personal
Banking, Mr Carbonaro's new role builds on ANZ's success in working
with other organisations and in taking market leadership in the Cards
business.

Reporting to Mr Carbonaro, in the new role of General Manager, New
Banking, is Mr Rob Markham, currently General Manager, Direct
Banking.

"The changing regulatory environment and rapid development of new
technology is challenging the financial services industry to develop
new products and seek new ways to deliver services to consumers," Mr
Hawkins said.

"In this environment, partnerships and alliances will be an important
part of creating the financial services company of the future - in
harnessing technology, developing distribution opportunities and
building scale efficiencies.

"New Banking will allow us to focus on developing these opportunities
which will transform the way we do business at ANZ," he said.

For media enquiries, contact:

Paul Edwards
Head of Group Media Relations