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Appointment of Asset Finance Managing Director

Document date:  Wed 06 Feb 2002
Published:  Fri 08 Feb 2002 12:06:33
Document No:  186844
Document part:  A
Market Flag:  N
Classification:  Company Administration - Other

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2002-02-06  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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MEDIA RELEASE 

ANZ today announced Ms Elizabeth Proust would be appointed Managing
Director Asset Finance following the retirement of Mr Peter McMahon
later this year.

Mr McMahon will remain closely linked with ANZ's Asset Finance
business by becoming non-executive Chairman of Esanda. It is also
intended he will join the planned ANZ-ING joint venture as a
non-executive Director.

Ms Proust, currently Managing Director Metrobanking Australia, will
report to Mr Peter Hawkins, Group Managing Director Personal
Financial Services, and will take up the position on 1 March 2002.

ANZ Chief Executive Officer Mr John McFarlane said: "Peter has made a
significant contribution to the Group since joining in 1992 and I'm
delighted that will continue in his new non-executive roles.

"Elizabeth brings to her new role a strong track record in delivery
and in developing a customer and people focussed culture at ANZ," he
said.

Mr Elmer Funke-Kupper, Group Managing Director Personal Customers,
will assume personal responsibility for Metrobanking Australia in
addition to his current responsibilities.

For media inquiries contact:

Paul Edwards 
HEAD OF GROUP MEDIA RELATIONS 
Tel:   03-9273 6955 or 0409-655 550 
Email: edwardpl2@anz.com