Following Terry King’s decision to retire after a 36-year career in banking, ANZ has announced the successor in Taiwan.

Peter Chan 160It is Peter Chan (pictured left) that will succeed Terry King as CEO Taiwan, according to a press release sent on Friday.

Chan is currently CEO Philippines and since joining ANZ in 2008 has held senior institutional roles in Australia, Hong Kong and the Greater China region, including Head of Institutional Banking in Taiwan.

Commenting on the appointment Group Executive International, Farhan Faruqui said: «Peter Chan is a seasoned institutional banker with a deep knowledge of Taiwan, Hong Kong, Greater China and the broader region. His significant international experience will be a tremendous asset to our customers and our business as we sharpen our focus on Institutional Banking.»

King will continue to support ANZ as a non-executive Director of ANZ Taiwan’s Board, and will work closely with Chan in an ongoing consulting capacity. Chan will take up his new responsibilities effective 2 January 2017 subject to necessary ANZ Taiwan board and regulatory approvals.