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Structures Specialised Business Oversight Around Customers

Document date:  Fri 18 Oct 2002
Published:  Fri 18 Oct 2002 10:01:13
Document No:  196394
Document part:  A
Market Flag:  N
Classification:  Company Administration - Other

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

HOMEX - Melbourne                                                     

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Australia and New Zealand Banking Group Limited ABN 11 005 357 522
ANZ today announced changes in the senior management oversight of its
specialist businesses to sharpen its focus on customers and around
the priorities for ANZ's future development.

* Elmer Funke Kupper, Managing Director, Personal Banking and Wealth
  Management Australia, will focus exclusively on Australia including
  all channels for personal customers and the ING Australia funds
  management joint venture.

* Greg Camm will move from Mortgages to become Managing Director, New
  Zealand, responsible for ANZ's businesses in New Zealand.

* Bob Edgar will become Managing Director, Global Institutional and
  Investment Banking. Dr Edgar will oversee all businesses dealing 
  with large corporate and institutional customers including Global
  Institutional Banking, Global Transaction Services, ANZ Investment
  Banking businesses, and Asia Corporate. Reporting to Dr Edgar, 
  Murray Horn will become Managing Director, Global Institutional 
  Banking based in Sydney; Mark Paton will become Managing Director, 
  Global Transaction Services. Mark is currently Head of Food, 
  Beverage and Agri-business in Corporate & Institutional Banking.

* Graham Hodges will become Managing Director, Corporate and Small to
  Medium Business Australia, bringing together corporate and small
  business banking into a single business to harness synergies between
  these segments.

* Chris Cooper will move from Global Foreign Exchange to become
  Managing Director, Mortgages. Rick Sawers, currently Group 
  Treasurer, will become Managing Director, Global Foreign Exchange 
  reporting to Dr Edgar. Mr Sawers' replacement will be announced in 
  due course. 

* Grahame Miller will move from Investment Banking to Managing
  Director, Major Investment Programs. Mr Miller will be responsible
  for major process development projects, strategic cost programs and
  the project related to Basel II - the new global regulatory capital
  standard.

ANZ Chief Executive Officer Mr John McFarlane said: "Our unique
specialisation strategy and our focus on executing strategy well, are
making ANZ a very different bank."

"These changes leave our specialised business structure intact, and
enhance synergies between our businesses by emphasising a total
customer relationship approach. The changes will give new development
opportunities for senior colleagues, introducing movement between the
corporate and personal sides of the Group," he said.

The new Group structure will be effective December 1st 2002.

For media enquiries contact:

Paul Edwards, HEAD OF MEDIA RELATIONS 
Tel: 03-9273 6955 or 0409-655 550, 
Email: edwardp12@anz.com.

ATTACHMENTS: ANZ SENIOR MANAGEMENT AND ORGANISATION CHART

ANZ MANAGEMENT BOARD

John McFarlane
David Boyles                         Brian Hartzer
Greg Camm                            Peter Hawkins
Roger Davis                          Graham Hodges (New)
Chris Cooper (New)                   Mark Lawrence
Bob Edgar                            Peter Marriott
Shane Freeman                        Grahame Miller
Elmer Funke Kupper                   Elizabeth Proust

SPECIALISED BUSINESS HEADS

Personal Banking Australia           Elmer Funke Kupper
Wealth Management Australia          Craig Coleman
ING Australia                        John Wylie
Corporate Banking Australia          Graham Hodges*
Small to Medium Business Australia   Graham Hodges
New Zealand Customers                Greg Camm*
Consumer Finance                     Brian Hartzer
Mortgages                            Chris Cooper*
Asset Finance                        Elizabeth Proust
Global Institutional Banking         Murray Horn*
Global Transaction Services          Mark Paton*
Global Foreign Exchange              Rick Sawers*
Global Capital Markets               David Hornery
Global Structured Finance            Gordon Branston
Corporate Finance and Advisory       Peter Hodgson
Asia Corporate                       John Winders
Asia-Pacific Consumer                Bob Lyon
Group Treasury                       TBA*

* New to Role

A full copy of the ANZ Management Structure 2003 is available for
purchase from ASX Customer Service on 1 300 300 279.