ANZ Makes Key Asia Pacific Hire

Post by NeilMc on March 30, 2010 · Under Business News, Company News, banking · Comment 

Australian banking major ANZ has managed to poach a senior executive from global banking giant Citigroup to run its South and South East Asian operations, as it seeks to double the income the lender generates from the region by 20 per cent.

Australia’s third largest lender says it has recruited Mark Robinson for the role of regional chief executive covering key markets including Vietnam, Indonesia, Malaysia, Singapore and India.

Mr. Robinson has over 25 years experience as a banker, having previously held senior roles with Citigroup in Europe and Asia. Mr. Robinson’s most recent responsibility was CEO of Citigroup in South Asia, covering India, Sri Lanka and Bangladesh.

“It is pleasing to bring someone of Mark’s calibre into the team at a time when we are growing organically as well as working to complete the acquisition and integration of the Royal Bank of Scotland businesses in a number of key markets in South and South East Asia,” said Asia Pacific, Europe and America CEO Alex Thursby.

Last week ANZ announced it would invest as much as US$100 million in Indonesia, as it completes its acquisition of RBS’s Asian assets and seeks to accelerate organic growth.

ANZ has ambitious Asian expansion plans, last year having acquired RBS commercial banking operations in Singapore, Indonesia, Taiwan, Hong Kong, Vietnam and The Philippines.

Earlier this month the lender said it had obtained in principle regulatory approval to open a branch in India, and planned to do so within the next 12 months. The lender plans on opening 20 branches in China by 2012.

CEO Mike Smith has been hiring to keep up with the growth, with the number of people employed at ANZ’s Asia-Pacific division surging to 8000 from 5500 in the past two years.

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