ANZ gets new head of Wealth

ANZ has made some changes to its management team which sees current head of Wealth, John Body, promoted to a new role.

Wednesday, January 27th 2016, 2:54PM

John Body, who is currently the Managing Director Wealth and Private Bank, has been promoted to Retail and Business Banking Managing Director.

He replaces Fred Ohlsson who has been promoted, to the role of Group Executive - Australia Division. He will join ANZ Group Chief Executive Shayne Elliott’s newly formed Group Executive Committee.

Nigel Scott, who is General Manager Private Bank and Bank Distribution replaces Body as head of Wealth in an acting Managing Director capacity.

Current ANZ New Zealand chief executive David Hisco will take on new responsibilities as CEO New Zealand and as a Group Executive to include ANZ’s operations in the Pacific and International Retail.

“ANZ New Zealand continues to be a great breeding ground for international executives,” Hisco said in statement.

“I am very proud of these promotions for Fred and John because much of it is a direct result of the great work everyone in the New Zealand business has been doing since the merger of the ANZ and National Bank brands and technology systems in 2012.

“Under Fred’s leadership market share in Retail and Business Banking has continued to grow. Almost one in two New Zealanders now has some kind of financial relationship with ANZ and we’re number one in mortgages in every major city in the country. Under John’s leadership, the Wealth business has grown to be New Zealand’s leading KiwiSaver provider and to be the country’s largest fund manager.”

Tags: ANZ John Body