ANZ says it has hired former Citigroup veteran Andrew Geczy to head its international and institutional banking unit, a business responsible for as much as 39 per cent of the company’s 2012 underlying profit.
Geczy, 50, will start work on September 16. He will report to ANZ chief executive Mike Smith. Since April, ANZ has been searching for someone to head its international and institutional banking after Alex Thursby resigned to become CEO of the National Bank of Abu Dubai.
From 1991 to 2005 Geczy worked in Citigroup’s corporate and institutional banking group where he eventually rose to global head of structured corporate finance. Most recently Geczy was Lloyds International’s wholesale banking and markets CEO from 2009 to his resignation this year. Between 2005 and 2009 Geczy founded Manresa Partners, which originates, structures and finances transactions for property and transport assets including harbours, airports and toll roads, according to its web site.
Geczy was not available for comment. He will become a member of ANZ’s management board.
“Our super regional strategy has established ANZ as a leading international bank in the Asia Pacific region with an outstanding team working in 33 countries,” ANZ CEO Smith said in a statement. “Andrew is the ideal leader to continue to grow the business in Australia, New Zealand and Asia Pacific, to manage the risk and regulatory landscape, and to support the delivery of our super regional aspirations.”
In ANZ’s 2012 financial year, its international and institutional banking unit, including its Australian business, delivered a $2.37 billion underlying profit to the company’s overall underlying profit of $6.01 billion.