Wednesday, 2 April 2008

ANZ appoints new CEOs for Indonesia and Cambodia

banking-business-review.com
1st April 2008
By Staff Writer

The Australia and New Zealand Banking Group has appointed Joseph Abraham and Stephen Higgins as the new CEOs for its Indonesian and Cambodia offices, respectively.

Mr Abraham will be responsible for Australia and New Zealand Banking Group's (ANZ) retail and institutional business in Indonesia and the group's partnership with Panin Bank. Most recently, Mr Abraham was chief of staff for client relationships for SCB in Singapore.

As ANZ's senior representative in Cambodia, Mr Higgins will be CEO of ANZ Royal Bank, which was established in Cambodia in 2004. He has been head of investor relations at ANZ since 2005 after joining the investor relations team in 2000.

Both country CEOs are subject to regulatory approval and will report to Alex Thursby, managing director of ANZ Group for Asia Pacific region until the commencement of the CEO South and South East Asia.

Mr Abraham is due to start with ANZ on April 15, 2008 and Mr Higgins joins his new role on May 5, 2008.
Mr Thursby said: "Country CEOs will play a crucial role in ANZ's growth strategy in Asia, including being responsible for the ANZ-branded retail and institutional businesses, and our partnerships in their markets, as well as managing relationships with governments and regulators in that country."

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