Movers and Shakers: FST Media’s monthly wrap of the personnel changes in financial services across Australia, New Zealand and wider Asia.
Australia and New Zealand
January marks a number of high-profile appointments across financial services in Australia and New Zealand, with noteworthy additions to ANZ Group, ING Direct and IAG.
Mark Whelan has been announced as Group Executive of ANZ Bank’s Institutional division. He is joined by Fred Ohlsson, appointed as Group Executive for ANZ Australia, with responsibility for retail and commercial banking. In addition, Farhan Faruqui will take the reins as Group Executive for ANZ International, and Joyce Phillips will be ANZ’s Group Executive for Wealth, Marketing and Innovation, overseeing the bank’s insurance, investments and private banking businesses, as well as group marketing and innovation. David Hisco has also been appointed Group Executive and Chief Executive of ANZ in New Zealand. The bank confirmed a new role of Group Executive for Digital Banking will be established with responsibility for ANZ’s digital transformation. An external appointment to the role is expected to be announced in the coming months.
Uday Sareen will succeed Vaughn Richtor as Australian CEO of ING Direct. Sareen is currently president of the Operating Management Committee at Kotak Mahindra Bankin India. In addition, Andy Dyer has been announced as ING Bank’s Regional Head of Transaction Services and Corporate Sales in Asia.
Mark Milliner has been appointed as IAG’s Chief Operating Officer, effective from mid-2016. Milliner was formerly Suncorp’s Chief Executive Officer for Personal Insurance and will now report to IAG’s Managing Director Peter Harmer.
David Cohen has been announced as Group Chief Risk Officer for CBA, following the retirement of Alden Toevs. Cohen is currently the Group General Counsel and Group Executive of Group Corporate Affairs at CBA and will now focus on balance sheet management and quantitative analytics.
Rob Anderson, a former senior executive at ANZ, has been announced as Bank of Sydney’s new CEO, following the departure of Julie Elliott. Anderson joins Bank of Sydney as CEO having led ANZ’s Business Bank in NSW and the ACT for the last five years.
Helen Thom has been appointed to the position of Head of Distribution at Midwinter, as the financial services software provider looks to expand its sales and support team.
Jenn Ong and Paolo Bortolotto have been appointed to the respective roles of Head of Consumer Credit and Head of Debit for MasterCard in Asia Pacific.
January marks a number of high-profile appointments across financial services in Asia, with noteworthy additions to Chinese peer-to-peer lender Dianrong, Ant Financial and Japanese megabank MUFG.
Loh Long Hsiang has been announced as Chief Operating Officer for Dianrong. Previously, Long Hsiang was the Deputy Head of Origination and Client Coverage at Standard Chartered Bank in China and worked at Standard Chartered for 18 years. Joining him at Dianrong is Feng Ruibin, the former Deputy Chief Risk Officer at Ping An Puhui Finance, and Zhou Lili, the former General Counsel at HSBC in China. Ruibin and Lili have taken up roles as Chief Credit Officer and Board Secretary and General Counsel respectively at Dianrong.
Dianrong’s new senior hires
Huang Hao has been announced as vice president of Ant Financial, an affiliate of the Alibaba Group. Previously, Hao was the Head of Internet Finance at China Construction Bank, the country’s second-largest lender by assets, and will now report to Ant Financial’s President, Eric Jing.
Yasutaka Suehiro has been ushered in as MUFG’s new Head of Asia. Suehiro, who is currently the deputy CEO of Mitsubishi UFJ Securities USA will also be the new CEO of Mitsubishi UFJ Securities Hong Kong. Based in Hong Kong, Suehiro’s new role sees him responsible for the continued growth of MUFG’s securities business in Hong Kong and Asia more broadly.
Elif Bilgi Zapparoli has been appointed as Co-Head of Bank of Merrill Lynch’s Asia Pacific Global Corporate and Investment Banking division, alongside Jiro Seguchi.
Phil Gray has been appointed as Head of Business Solutions at Standard Chartered Bank. Previously, Gray was the Director of Westpac’s startup accelerator, ‘The Garage’, and will now be based in Singapore.
Zhao Huan has been announced as President of the Agricultural Bank of China, pending approval from the China Banking Regulatory Commission. Previously, Zhao worked for more than 10 years at China’s second largest bank, China Construction Bank, serving as its vice president between 2011 and 2014, before being appointed to lead China Everbright Bank.
Jake Gearhart has been appointed as Deutsche Bank’s Head of Debt Syndicate and Origination for Asia Pacific, replacing the outgoing Herman van den Wall Bake, who departed last month.
Henry Ho has been announced as a non-executive chairman for Rothschild in Southeast Asia. Ho will be in based in Rothschild’s Singapore office and will work closely with the global financial advisory and wealth management and trust teams to continue the development of Rothschild’s businesses in the region.