Like the continual movement of tectonic plates, the management organigram at Australian bank ANZ has shifted once again just days after the wealth management unit was revamped.
Changes in the top strata of management under the new leadership of Shayne Elliott, who replaced Mike Smith as CEO in January, continue apace with the appointment of a new acting Chief Economist.
ANZ has announced the appointment of Richard Yetsenga as Acting Chief Economist reporting to Acting Managing Director Markets Shayne Collins, following the resignation of Warren Hogan.
Yetsenga joined ANZ in 2011 and was most recently Global Head of Financial Markets Research, responsible for economic research across all ANZ’s financial markets products. Prior to this he held senior economic research roles at HSBC, Deutsche Bank and the Australian Government. Yetsenga’s appointment is effective immediately while a search for a permanent replacement is completed.
Family Time
Hogan was ANZ’s Chief Economist and had been responsible for the banks Economics and Global Markets Research. Over 10 years he had established himself as one of Australia’s leading economic commentators and built a world-class team providing critical economic insights throughout the region.
«It’s been a privilege to work with so many talented people over the last ten years, while it’s never an easy decision to leave such a rewarding role, the timing is right to pursue other opportunities and spend more time with my young family,» said the departing Hogan.
