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Media Release: Appointment of NZ Managing Director

Document date:  Fri 18 Oct 2002
Published:  Fri 18 Oct 2002 09:55:01
Document No:  196398
Document part:  A
Market Flag:  N
Classification:  Director Appointment/Resignation

AUSTRALIA AND NEW ZEALAND BANKING GROUP       2002-10-18  ASX-SIGNAL-G

HOMEX - Melbourne                                                     

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MEDIA RELEASE

GREG CAMM BECOMES ANZ NEW ZEALAND MANAGING DIRECTOR

ANZ today announced the appointment of Mr Greg Camm as Managing
Director, New Zealand.

Mr Camm's appointment follows Dr Murray Horn accepting a new senior
role within the ANZ Group as Managing Director, Global Institutional
Banking, based in Sydney.

ANZ Chief Executive Officer Mr John McFarlane said: "Dr Horn has
earned this exciting development opportunity having advanced ANZ's
business in New Zealand over the last four years."

"We have made particularly strong improvements in our financial
performance and in staff satisfaction, and have laid the foundation
for restoring our personal customers' faith in ANZ. Through Murray's
leadership we have also been able to play a particularly important
role in the community including his Chairmanship of the Business
Round Table.

"As we move into the next phase of ANZ's development, our challenge
is to take this to the next level by providing greater management
autonomy to our business in New Zealand," Mr McFarlane said.

Mr Camm moves to New Zealand from his role as Managing Director,
Mortgages, in the ANZ Group where he is also a member of ANZ's
Management Board. Previously Greg was General Manager Retail Banking
in New Zealand between 1993 and 1996.

Dr Horn's new role involves responsibility for ANZ's major corporate
and institutional customers globally.

Commenting on the changes, Dr Horn said: "My new role is a further
development opportunity for me within the Group, however it is with
some mixed feelings that I leave New Zealand.

"We have achieved strong results through the hard work and dedication
of all the people at ANZ in New Zealand. It's been an honour to work
with such a fantastic group of people and I am sad to be leaving
them," Dr Horn said.

"Greg is well regarded in the banking industry in Australasia. He is
also remembered very warmly by ANZ people and customers in New
Zealand from his former assignment in New Zealand" he said.

The change is effective 1 December 2002.

For media enquiries contact:

Steve Fisher
PUBLIC RELATIONS MANAGER
Tel: 09-374 4123
Email: fisherS1@anz.com