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Showing 11 - 20 of 34 results for "ANZ Group 29.9 %"

ANZ sells life insurance business for $2.85 billion

ALEX BURKE  |  TUESDAY, 12 DEC 2017
ANZ has sold its life insurance business for $2.85 billion in a move that will make the purchaser Australia's largest retail life insurer. Completing what the bank described as a "simplification" of its wealth division, ANZ sold the business to Zurich. ...

ANZ hires Silicon Valley consultant for innovation

JAMIE WILLIAMSON  |  WEDNESDAY, 8 NOV 2017
ANZ has recruited a former Macquarie Group US head of technology investment banking for a lead innovation role. Taking on the role of managing director, new business, emerging technology and ventures, Ron Spector will be responsible for developing potential ...

Former NZ Prime Minister joins bank board

KARREN VERGARA  |  WEDNESDAY, 18 OCT 2017
ANZ Bank New Zealand appointed the country's former Prime Minister as chair. Sir John Key replaces John Judge, who will retire as chair in January next year, a position he's held since 2012. Judge joined the board in December 2008 as an independent ...

Big four ditch ATM withdrawal fees

ALEX BURKE  |  MONDAY, 25 SEP 2017
ANZ, CBA, NAB and Westpac have collectively abolished ATM withdrawal fees for non-customers. In a statement, ANZ said that non-customers will no longer be charged $2 to withdraw from ANZ-branded ATMs. ANZ group executive Fred Ohlsson acknowledged that ...

ANZ sells off retail Vietnam business

ALEX BURKE  |  MONDAY, 24 APR 2017
ANZ entered into an agreement to sell its Vietnamese retail business to an NYSE-listed South Korean group. Shinhan Bank Vietnam, owned by Shinhan Financial Group, will become the new owner of ANZ's retail presence while the latter focuses on its institutional ...

Banks must overhaul product-based incentives

KARREN VERGARA  |  WEDNESDAY, 19 APR 2017
Retail banking practices don't carry "significant systemic risks" that deliver poor customer outcomes, an independent review has found. Some current practices however, are promoting unacceptable behaviours inconsistent with good customer outcomes and ...

ABA committing to industry reforms

KARREN VERGARA  |  THURSDAY, 30 MAR 2017
The Australian Bankers' Association announced it will commit to the majority of the Khoury Report's proposed banking reforms, promising to raise its code of practice to meet higher standards. Of the 99 recommendations, the ABA is fully supporting 61 ...

Regulator finalises ANZ compliance review

ALEX BURKE  |  FRIDAY, 23 DEC 2016
ASIC confirmed the completion of ANZ's independent compliance review. The review, which was conducted by PwC, investigated compliance functions of ANZ's life and general insurance, superannuation and funds management businesses within the OnePath group. ...

Millennials getting personal with ANZ robo-adviser

ALEX BURKE  |  FRIDAY, 22 JUL 2016
Millennials were more interested in asking ANZ's IBM Watson-powered robo-adviser whether it was married to Siri than getting insurance information, according to ANZ Group Innovation channel development manager Jeanette Cheah. Speaking on a panel at ...

ANZ Wealth alternatives head departs

ALEX BURKE  |  THURSDAY, 3 MAR 2016
The head of alternative investments at ANZ Wealth will leave the company tomorrow. Simon Ford has managed ANZ Wealth's real estate, hedge funds, private equity, infrastructure, credit, commodities and insurance investments for six years, having joined ...