Following a clear out of their «toxic» global markets division at the beginning of 2016, Australia’s ANZ has announced the appointed of a new Managing Director.
Shayne Collins who has more than 20 years’ experience in markets and has been acting in the position since February 2016 will take up the role with immediate effect. Collins will report to Group Executive Institutional Mark Whelan.
Re-building Reputation
Having re-joined ANZ in 2006, Collins was previously Group General Manager for Markets Risk and has held various senior sales, trading and risk roles at both ANZ and National Australia Bank.
In the new role Collins will be responsible for growing ANZ’s markets business which provides product across foreign exchange, capital markets, interest rates, commodities and derivatives, as well as specialist research and risk management expertise.
«I’m pleased to be able to appoint a leader with extensive markets experience as well as a reputation for integrity and strong values to this important leadership position,» said Mark Whelan.
Several Scandals
The Melbourne based bank went through several scandals at the start of 2016 that dragged it onto the front pages after two former senior bank employees launched unfair dismissal claims against the bank alleging it condoned a culture that tolerated booze, strip clubs and drugs.
